German central bank warns of unprecedented inflation

Energy crunch, caused by reduced gas supplies from Russia, could push prices up 10%, the Bundesbank chief warns

Germany is about to see its highest inflation in decades, the president of its central bank, Joachim Nagel, told the Rheinische Post on Saturday, adding that the country might fall into a recession.

"An inflation rate of even 10% is possible in the autumn months," Nagel told the p