Joe Kaeser, chair of Siemens Energy, is more concerned by gloomy public sentiment in Germany than he is by the recent rise in inflation.
The former chief executive of German conglomerate Siemens said base effects and the monthly and quarterly price readings meant he was not overly focused on the annual headline inflation figure.
People are downbeat, everybody's asking what's going to be next, what's in [it] for me.
That's what we need to explain to people, so they are more upbeat again," Kaeser told CNBC at the World Economic Forum.
Kaeser said the German government needed to present a roadmap on energy, jobs and economic growth, and move past current industry disputes.
Persons:
Joe Kaeser, what's, Kaeser
Organizations:
Siemens Energy, Siemens, CNBC, Economic
Locations:
Germany