Wirtschaftsszenario

Wirtschaftliche Analyse für den Chemikalien- und Rohstoffmarkt

Wirtschaftsszenario

Wirtschaftliche Analyse für den Chemikalien- und Rohstoffmarkt

APRIL 2022

INFLATION RATE

As national restrictions to fight the COVID-19 pandemic crisis were progressively lifted during 2021, the above countries experienced positive economic growth, and a positive inflation rate. This situation has been fueled further by the production bottlenecks of Chinese manufacturing firms that were forced to stop their production due to the severe restrictions introduced to fight the pandemic during 2020. The result was a shortfall in product supply which was not able to meet the demand for Chinese products by foreign countries, raising average price levels. Among OECD countries, prices have increased by 1.75 percent relative to 2021-Q3 and by 5.89 percent relative to 2020-Q4. According to the OECD economic outlook, inflation is going to gradually decrease in 2022 and to stabilize around 3.1 percent in 2023.

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