High Inflation Persists in Germany Following Low Alcohol Price Reports

German inflation is projected to stay at 2.2 percent through 2026 after recent data showed the country has the second-lowest alcohol prices in the EU.Joachim Nagel noted that strong wage growth and high energy prices are keeping the cost of living elevated for services like insurance and restaurant meals.The Ifo Institute predicts that inflation will remain above target until at least 2027 as Donald Trump and his tariffs impact international trade costs.