1. PPU December

2. Figure 01. Repo rate with uncertainty bands Per cent, quarterly averages
Note. The uncertainty band does not take into account the fact that there may be a lower bound for the repo rate. The uncertainty band shows the band within which inflation is expected to be with a 50%, 75% and 90% probability. Broken lines represent the Riksbank’s forecast.
Source: The Riksbank

3. Figure 02. CPI with uncertainty bands Annual percentage change
Note. The uncertainty band shows the band within which inflation is expected to be with a 50%, 75% and 90% probability. Broken lines represent the Riksbank’s forecast.
Sources: Statistics Sweden and the Riksbank

4. Figure 03. CPIF with uncertainty bands Annual percentage change
Note. The uncertainty band shows the band within which inflation is expected to be with a 50%, 75% and 90% probability. Broken lines represent the Riksbank’s forecast.
Sources: Statistics Sweden and the Riksbank

5. Figure 04. GDP with uncertainty bands Annual percentage change, seasonally-adjusted data
Note.The uncertainty band shows the band within which GDP growth is expected to be with a 50%, 75% and 90% probability. Broken lines represent the Riksbank’s forecast.
Sources: Statistics Sweden and the Riksbank

6. Figure 05. GDP Quarterly changes in per cent calculated in annualised terms, seasonally-adjusted data
Note. Broken lines represent the Riksbank’s forecast.
Sources: Statistics Sweden and the Riksbank

7. Figure 06. Unemployed Percentage of the labour force, seasonally-adjusted data
Note. Pre-1993 data has been spliced by the Riksbank. Broken lines represent the Riksbank’s forecast, years.
Sources: Statistics Sweden and the Riksbank

8. Figure 07. Labour force and number of employed Thousands, seasonally-adjusted data
Note. Pre-1993 data has been spliced by the Riksbank. Broken lines represent the Riksbank’s forecast, year.
Sources: Statistics Sweden and the Riksbank

9. Figure 08. CPI, CPIF and CPIF excluding energy Annual percentage change
Note. CPIF is CPI with a fixed mortgage interest rate. Broken lines represent the Riksbank’s forecast.
Sources: Statistics Sweden and the Riksbank

10. Figure 09. Real repo rate Per cent, quarterly averages
Note. The real repo rate is calculated as an average of the Riksbank’s repo rate forecasts for the coming year minus the inflation forecast (CPIF) for the corresponding period. Broken lines represent the Riksbank’s forecast.
Source: The Riksbank

11. Figure 10. TCW-weighted exchange rate Index, 18.11.92 = 100
Source: The Riksbank
Note. Outcome data are daily rates and forecasts are quarterly averages. Broken lines represent the Riksbank’s forecast.

12. Figure 11. Oil price, Brent crude USD per barrel
Note. Futures are calculated as a 15-day average. Outcomes represent monthly averages of spot prices.
Sources: Intercontinental Exchange and the Riksbank

13. Figure 12. Development of GDP in different regions and countries Quarterly changes in per cent calculated in annualised terms, seasonally adjusted data
Note. TCW entails weighted GDP for Sweden's main trading partner. Broken lines represent the Riksbank’s forecast.
Sources: Bureau of Economic Analysis, Eurostat, Statistics Sweden and the Riksbank

14. Figure 13. Estimated gaps Percentage deviation from the HP trend
Note. These gaps should not necessarily be interpreted as the Riksbank's overall assesment of resource utilisation. Broken lines represent the Riksbank’s forecast.
Sources: Statistics Sweden and the Riksbank

15. Table A1. Repo rate forecast Per cent, quarterly average values
Source: The Riksbank

16. Table A2. Inflation, annual average Annual percentage change
Sources: Statistics Sweden and the Riksbank

17. Table A3. Inflation 12-month average annual percentage change
Sources: Statistics Sweden and the Riksbank

18. Table A4. Summary of financial forecasts Annual average, per cent, unless otherwise specified
Sources: Statistics Sweden and the Riksbank

19. Table A5. International conditions Annual average, per cent, unless otherwise specified
Sources: Eurostat, IMF, Intercontinental Exchange, OECD and the Riksbank

20. *Contribution to GDP growth, percentage points
Table A6. GDP by expenditure Annual average, per cent, unless otherwise specified
*Contribution to GDP growth, percentage points
Sources: Statistics Sweden and the Riksbank

21. * Per cent of labour force
Table A7. Production and employment Annual average, per cent, unless otherwise specified
* Per cent of labour force
Sources: Employment Service, Statistics Sweden and the Riksbank

22. Table A8. Wages and unit labour cost for the economy as a whole
Table A8. Wages and unit labour cost for the economy as a whole Annual percentage change, calendar-adjusted data
Sources: National Mediation Office, Statistics Sweden and the Riksbank