We are witnessing record inflation in the euro area, military conflict beyond Slovakia’s eastern borders and public budget deficits as a result of indiscriminate (not only) anti-poverty measures. A naive energy policy of dependence on a single supplier has led Europe into an energy crisis unprecedented in post-war times. The reluctance to share the cost of high energy prices with households has led to proposals for ad hoc windfall taxes. How are rising input prices perceived by businesses (consumers) and as suppliers? Can we look forward to the end of the energy crisis?