Annual inflation rate increased to 1.6% in euro area and 2.0% in EU

April 19, 2021

According to the statistical office of the European Union (Eurostat), in April 2021, the euro area annual inflation rate was 1.6%, 0.3% higher when compared to the 1.3% booked in March 2021. However, it was noted that a year earlier the rate was 0.3%. Additionally, the European Union annual inflation was reported at 2.0%, greater than March 2021 rate of 1.7% and the previous year with a rate of 0.7%.

The lowest annual rates were observed in Greece (-1.1%), Portugal (-0.1%) and Malta (0.1%). The highest annual rates were recorded in Hungary (5.2%), Poland (5.1%) and Luxembourg (3.3%). When compared with March, annual inflation fell in three Member States, remained stable in one and rose in twenty-three.

Eurostat also noted, the highest contribution to the annual euro area inflation rate in April 2021 was as a result of an increase in; “energy (+0.96 percentage points, pp), followed by services (+0.37 pp), food, alcohol & tobacco (+0.16 pp) and non-energy industrial goods (+0.12 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.