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Ifo: Fewer Companies Plan Price Hikes in May Amid Persistent Cost Pressures

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The number of German companies planning to increase prices "somewhat" eased in May, even as producer and consumer prices are anticipated to "rise significantly" in the months ahead, the ifo Institute said Friday.

Month over month, the indicator for price expectations edged down to 30.3 points from 31.3 points in April, with the level still considered "high." The indicator monitors the percentage of companies that plan to hike prices on balance.

Sector-wise, price pressures eased in manufacturing, services and trade, with energy-intensive companies experiencing the most significant drop. Meanwhile, non-energy-intensive companies saw price expectations tick up.

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