D) inflationary pressure will decrease solely due to base effects
We all thought that until recently. Then came the war. Who knows what comes next. And even if nothing comes, inflation is still embedded in many products within the supply chain. Producer prices are still significantly ahead of consumer prices. It is also clear that politics still has a lot planned. The spontaneous switch of entire supply chains from pipeline gas to liquefied gas is expensive. Moving away from gas is also expensive; there are good reasons why, for example, only a few steelworks currently operate with electricity instead of gas. For many points, it is absolutely unclear how long the practical implementation will even take, e.g. power lines. A few kilometers from our construction site runs a 220kV line that is to be replaced by a 380kV line (line project 23 Herbertingen-WT). Currently, it is being looked at where the route can be built as close as possible to the existing one, where birds breed, etc. Planned commissioning is 2032, so in 10 years (and I doubt whether that will succeed). More lines are central if we convert everything to electricity and at the same time produce energy increasingly fluctuating.