Germany's inflation rate is unlikely to decline rapidly at present and the European Central Bank's target of 2% will only become feasible by the middle of the decade, the BDI industry association said in a survey for Reuters published on Friday.
to 11.3% in November from a high of 11.6% the month prior, is no longer driven primarily by energy costs but by a host of factors, BDI President Siegfried Russwurm said in a survey of several industry associations.
Russwurm said more measures would be decided on by the ECB, which the BDI expects to dampen investment activity.
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