Despite a muted monthly rise in prices, inflation jumped to 2.2% in March due to base effects. It will surpass 3% in April for the same reason. While inflation should then ease, we expect it to remain above 2% for the rest of 2021, as the economy re-opens and more genuine price pressures build.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.