Volker Wieland warns of further rising inflation rates (Tagesschau.de)

In April, the inflation rate in Germany rose surprisingly sharply due to the Ukraine war and rising energy prices, reaching 7.4 percent, the highest level since the fall of 1981. The previous inflation record of 7.8 percent in 1973 due to the "oil price shock" could soon be surpassed, Volker Wieland warned in an interview with Tagesschau.de.

"Particularly if there is a supply freeze of gas and oil on the part of Russia or an import embargo, double-digit inflation rates would also not be ruled out," he said.

Tagesschau: "Wo droht der nächste Preisschock?"