April 16, 2021
According to the statistical office of the European Union (Eurostat), in March 2021, the euro area annual inflation rate was 1.3%, 0.4% higher compared to February 2021. However, it was noted that a year earlier the rate was 0.7%. Additionally, the European Union annual inflation was reported at 1.7%, greater than February 2021 rate of 1.3%; relative to the previous year with a rate of 1.2%.
The lowest annual rates were observed in Greece (-2.0%), Portugal, Malta, Ireland and Slovenia (all 0.1%), while the highest annual rates were documented in Poland (4.4%), Hungary (3.9%), Romania and Luxembourg (both 2.5%). The annual inflation rate when compared to February 2021 decreased in three Member States, remained stable in three and increased in twenty-one.
Eurostat also noted, “the highest contribution to the annual euro area inflation rate in March 2021 came from: services (+0.57 percentage points, pp), followed by energy (+0.43 pp), food, alcohol & tobacco (+0.24 pp) and non-energy industrial goods (+0.09 pp).”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.