German finance minister says risk of wage price spiral is real By Reuters

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© Reuters. German Finance Minister Christian Lindner delivers his speech at an election campaign of Schleswig Holstein’s Free Democrats (FDP) for the upcoming state elections in Kiel, Germany, May 7, 2022. REUTERS/Fabian Bimmer

BERLIN (Reuters) – Germany’s finance minister warned on Monday that rising wages could further fan inflation, adding that parties involved in collective bargaining had a responsibility to help prevent that from happening.

“The risk of a wage price spiral is real,” Christian Lindner told Reuters on Monday.

The government must ease perceived inflationary pressure on net incomes, said Lindner, adding that recently announced relief packages were meant to do exactly that.

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