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Summary

After many years of low inflation, consumer prices rose rapidly in 2021 and 2022. Inflation targets and central banks...

Inflation rose rapidly

Large forecasting errors across the board

When did the central banks start adjusting their inflation forecasts for 2022 upwards?

Summary – in principle, a dead heat between the central banks

References

APPENDIX – Inflation forecasts and outcomes

Authors: Christina Håkanson and Stefan Laséen

Cruising to victory or a dead heat? Central Bank Championships in forecasting ability 2021 and 2022

NR 1 2024, 19 January

Economic Commentary

NR 1 2024, 19 January

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