Аccording to a flash estimate from Eurostat, euro area annual inflation is expected to be 1.3% in March 2021, up from 0.9% in February. Economists had also expected a 1.3% increase. The core figures rose by 0.9%% YoY in March when compared to 1.2% expectations and 1.1% booked in February.

Looking at the main components of euro area inflation, 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).