UCA Annual Spring Showcase

15.6% 14.8% U.S. Inflation vs. European Inflation Annual Rate of Inflation (March 2022) Lithuania Estonia 37/20221 April 2022 Netherlands 11.9% Latvia 11.2% Flash estimate - March 2022 Euro area annual inflation up to 7.5% Spain 9.8% Slovakia 9.5% Belgium 9.3% United States 8.5% Greece 8.0% Luxembourg 7.9% Euro area annual inflation is expected to be 7.5% in March 2022, up from 5.9% in February according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in March (44.7%, compared with 32.0% in February), followed by food, alcohol & tobacco (5.0%, compared with 4.2% in February), non-energy industrial goods (3.4%, compared with 3.1% in February) and services (2.7%, compared with 2.5% in February). Germany 7.6% EU Average 7.5% 0 2 4 6 Euro area annual inflation, March 2022, % 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 Italy 7.0% All-items HICP Ireland 6.9% Food, alcohol & tobacco Austria 6.7% Energy Cyprus 6.2% Non-energy industrial goods Slovenia 6.0% Services Finland 5.6% ec.europa.eu/eurostat Portugal 5.5% France 5.1% Source: Bureau of Labor Statistics, 2022 Source: Eurostat, 2022 Malta 4.6% Frank Manzo IV, MPP | Illinois Economic Policy Institute | www.illinoisepi.org

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