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1. Inflation and growth Annual percentage change Source: Statistics Sweden
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2. Inflation: outcome and target Annual percentage change Sources: Statistics Sweden and the RiksbankNote Inflation measured as CPI.
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3. Inflation in Sweden, Norway and Finland Annual percentage change Note. Inflation measured as HICP. Source: Statistics FInland, Statistics Norway and Statistics Sweden
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4. Consumer prices for goods Excluding energy and food Annual percentage change Source: EurostatNote. The data used is HICP - non-energy industrial goods.
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5. Unit labour costs and labour productivity in business sector Annual percentage change Sources: Statistics Sweden and the Riksbank Note The broken line and grey bar represent the Riksbank’s forecast (IR06:3).
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6. Forecasts of inflation in 2005 at various times: the Riksbank and an average of other forecasters Annual average Sources: Consensus Inc., Ministry of Finance, LO and Statistics Sweden
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7. Inflation and inflation expectations Annual percentage change Sources: Prospera Research AB and Statistics Sweden
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8. Consumer prices (CPI) and house prices Annual percentage change Source: Statistics Sweden
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9. The repo rate is assumed to rise Per cent Source: The Riksbank
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10. Good international growth Annual percentage change Sources: IMF and the Riksbank
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11. Good growth in Sweden too Annual percentage change Sources: Statistics Sweden and the Riksbank
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12. Inflation increases gradually Annual percentage change Sources: Statistics Sweden and the Riksbank
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13. High productivity Annual percentage change Sources: Statistics Sweden and the Riksbank
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14. Fiscal policy Stimulates demand and supply Higher growth and private consumption Increased employment and greater supply of labour Overall minor effects on inflation
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15. Repo rate is raised to 2.75 per cent Favourable prospects for the economy: good growth and rising employment. Monetary policy is expansionary. Falling energy prices give an inflation rate below target two years ahead, but after this inflation will rise.
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