Euro area annual inflation increased to 1.3%

March 31, 2021

Eurostat, the statistical office of the European Union forecasted euro area annual inflation rate to be 1.3% in March 2021, 0.9% up from February 2021. This flash estimate was based on observation of the main component’s movements. As noted by Eurostat, “energy is expected to have the highest annual rate in March (4.3%, compared with -1.7% in February), followed by services (1.3%, compared with 1.2% in February), food, alcohol & tobacco (1.1%, compared with 1.3% in February) and non-energy industrial goods (0.3%, compared with 1.0% in February).”

The inflation rate as of March 2020 amounted to be 0.7% and remain unchanged at -0.3% from October 2020 to December 2020, increased to 1.3% in March 2021. It was observed that Food, alcohol & tobacco started the year at 1.5% and is expected to be 1.1% in March, and Energy annual inflation rate is expected to increase from -4.2% in January 2021 to 4.3% in March. Non-energy industry goods inflation rate also forecast declined from 1.5% in January to 0.3% in March 2021, while Service rate fell from 1.4% at the start of the year to 1.3% as of March 2021.


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.