Germany’s energy crunch, caused by reduced gas supplies from Russia, could push inflation up to 10%, the Bundesbank chief warns Germany is about to see its highest inflation in decades, the president of the nation’s central bank, Joachim Nagel, told the Rheinische Post on Saturday, adding that Germany might fall into a recession. “An inflation rate of even 10% is possible in the autumn months,” Nagel told the paper, adding that the latest surge in energy prices caused by reduced supplies from Russia – Germany’s major supplier – is likely to drive consumer prices further up. “Double-digit inflation rates were last
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