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1. Inflation and growth Annual percentage change

1. Inflation and growth Annual percentage change. Source: Statistics Sweden. 2. Inflation: outcome and target Annual percentage change. Note Inflation measured as CPI. Sources: Statistics Sweden and the Riksbank. 3. Inflation in Sweden, Norway and Finland Annual percentage change.

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1. Inflation and growth Annual percentage change

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  1. 1. Inflation and growthAnnual percentage change Source: Statistics Sweden

  2. 2. Inflation: outcome and target Annual percentage change Note Inflation measured as CPI. Sources: Statistics Sweden and the Riksbank

  3. 3. Inflation in Sweden, Norway and FinlandAnnual percentage change Note. Inflation measured as HICP. Source: Statistics FInland, Statistics Norway and Statistics Sweden

  4. 4. Consumer prices for goodsExcluding energy and foodAnnual percentage change Note. The data used is HICP - non-energy industrial goods. Source: Eurostat

  5. 5. Unit labour costs and labour productivity in business sectorAnnual percentage change Sources: Statistics Sweden and the Riksbank Note The broken line and grey bar represent the Riksbank’s forecast (IR06:3).

  6. 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

  7. 7. Inflation and inflation expectationsAnnual percentage change Sources: Prospera Research AB and Statistics Sweden

  8. 8. Consumer prices (CPI) and house pricesAnnual percentage change Source: Statistics Sweden

  9. 9. The repo rate is assumed to risePer cent Source: The Riksbank

  10. 10. Good international growthAnnual percentage change Sources: IMF and the Riksbank

  11. 11. Good growth in Sweden tooAnnual percentage change Sources: Statistics Sweden and the Riksbank

  12. 12. Inflation increases graduallyAnnual percentage change Sources: Statistics Sweden and the Riksbank

  13. 13. High productivityAnnual percentage change Sources: Statistics Sweden and the Riksbank

  14. 14. Fiscal policy • Stimulates demand and supply • Higher growth and private consumption • Increased employment and greater supply of labour • Overall minor effects on inflation

  15. 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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