• About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy
Thursday, February 9, 2023
SUBSCRIBE
London Daily Post
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
London Daily Post
No Result
View All Result
ADVERTISEMENT

Germany’s finance minister sees 2023 inflation at 7%

Editorial Board by Editorial Board
January 1, 2023
in Finance News
Reading Time: 2 mins read
0
Germany’s finance minister sees 2023 inflation at 7%


BERLIN, Jan 1 (Reuters) – Germany’s finance minister expects inflation in Europe’s biggest economy to fall to 7 percent this year and continue to fall in 2024 and beyond, but he believes high prices of energy will become the new normal.

“The target remains 2%. This must be a top priority for the European Central Bank and the German government,” Christian Lindner said in an interview with Bild newspaper published on Sunday.

Pushed by rising energy prices following Russia’s invasion of Ukraine and falling Russian energy exports, Germany’s year-on-year inflation slowed slightly in November to 11.3% from of 11.6% of the previous month. Read more

Lindner said Germany needed an “unbiased” energy policy to keep the industry going, adding that domestic oil and gas fracking and nuclear power should be factored into the energy mix along with renewables.

“The ban (of fracking) should fall. Then private investors can decide if mining is economic,” he added.

Natural gas and oil production has been declining in Germany, mainly because unconventional fracking is banned and nature protection laws make it difficult to get permission for new drilling.

Report by Riham Alkousaa; Editing by Andrew Cawthorne

Our standards: the Thomson Reuters Trust Principles.



Source link

Share this:

  • Twitter
  • Facebook

Related Posts

Germany’s finance minister sees 2023 inflation at 7%
Finance News

Look ahead at the Legislature: Senate Finance Committee starts budget hearings

January 31, 2023

In the coming days, Texans will learn more about how the state Senate's budget arguments could play out. A series...

Germany’s finance minister sees 2023 inflation at 7%
Finance News

Vital Farms raised egg prices ‘reluctantly and in small amounts’: CEO

January 28, 2023

Vital Farms ( VITL ) CEO Russell Diez-Canseco says the recent rise in egg prices, nearly 60% year-on-year, is "a...

Germany’s finance minister sees 2023 inflation at 7%
Finance News

Standard Premium Finance Holdings, Inc. Declares Quarterly Dividend

January 25, 2023

MIAMI, FL / ACCESSWIRE / January 25, 2023 / The Board of Directors of Standard Premium Finance Holdings, Inc. ("Standard")...

Germany’s finance minister sees 2023 inflation at 7%
Finance News

Finance Minister Poudel insists on promoting legal channels for remittance inflow – myRepublica

January 22, 2023

KATHMANDU, Jan 22: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said that the government is ready for...

Next Post
Germany’s finance minister sees 2023 inflation at 7%

Sri Lanka's new austerity measure: No government jobs | World News

POPULAR

Germany’s finance minister sees 2023 inflation at 7%
Tech News

Trapped by grief algorithms, and image AI privacy issues

February 6, 2023
Germany’s finance minister sees 2023 inflation at 7%
Tech News

Fighting pregnancy misinformation, and the ethics of organ donations

February 3, 2023
Germany’s finance minister sees 2023 inflation at 7%
Entertainment

Michelle Obama launching podcast based on ‘Light We Carry’

February 1, 2023
  • About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy

© 2022 London Daily Post. All Rights Reserved.

No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports