In January, the EU Statistics Office revealed data showing that annual inflation in the eurozone was 5% in December 2021, its highest level in over a decade, with the prices soaring mainly in Lithuania by 10.7% and Estonia by 12%.
"Rising energy prices are a driver of inflation in the Euro area and the EU as a whole. We are aware of the problem, it’s a great concern, the major concern of our citizens, and so we have to find solutions to that," Lindner said following a meeting of the Economic and Financial Affairs Council in Brussels.
Energy prices started surging in Europe in the second half of 2021 as global demand rose and outpaced supply amid economic recovery from months of COVID-19 lockdowns.