Yes. But it's currently 2 months in a row and not 12. Therefore, your momentum is just hot air.
Whether it's hot air you only know afterwards. Anyone predicting 7% inflation for 2023 now must have seen further external shocks in the crystal ball that would consume this forecast. Neither one nor the other is known in advance – so the “experts’” inflation forecast for 2023 is just as good for me as those who correctly placed the current inflation. So zero points.
Regarding wage agreements:
These are at the limit of what one can still afford given the competition from China.
It's quite astonishing what they can already do there. Nobody would have thought this possible 10 years ago.
Corona and the compulsion to do it yourself because no skilled workers from Europe can enter anymore were enormous accelerators.
Interesting in this regard are unit labor costs in international currency. So primarily exchange rates, not simply wage agreements. Otherwise, Switzerland with a strong currency + higher wages would already be deindustrialized.
Otherwise, Germany has current account surpluses, so with the Euro a tendentially too weak currency, consequently internationally undervalued unit labor costs.
That companies always say something different – rattling is part of the business.
You indulge in the illusion that it won't be that bad and that next year everything will be back at the 2019 price level.
You can believe that, no question. But I consider it better to come to terms with the fact that wealth has been lost that we won't get back.
I do not believe in a return to the 2019 price level. I know that the inflation forecast for 2023 can be too high and that there are already several indications of this. But a decline in inflation is not a return to old price levels. As you surely know yourself.
Regarding the loss of wealth, I could – not maliciously but rather meanly – say that here in the house construction forum including myself the loss of a bit of wealth fat is bearable. In Germany there are other problems that are much more serious.