This is reported by the newspaper Handelsblatt.
As noted, food prices in March rose by more than 6%, fresh vegetables rose by more than 14%, and vegetable oil - by 17%.
“We are experiencing an inflationary shock in the food retail sector,” said Chehab Wahbi, partner at EY-Parthenon consulting firm.
Low-income groups will be particularly hard hit, he said.
Earlier, the Federal Statistical Bureau of Germany reported that inflation in the country in April in annual terms accelerated to 7.4% compared to 7.3% a month earlier.
Deutsche Bank vice-president Karl von Rohr said that in the event of restrictions on energy imports, inflation in Germany could reach 10% or more.