Sweden: Inflation Forecasts and Associated Uncertainty
|Date of forecast|
|June 1998||September 1998||December 1998||March 1999|
|End of forecast horizon||June 2000||September 2000||December 2000||March 2000|
|Forecast of 12-month CPI inflation1|
|(percent a year)||1.6||1.9||1.4||1.4|
|Forecast of 12-month underlying inflation1,2|
|(percent a year)||1.8||2.0||1.8||1.8|
|Uncertainty in the inflation assessment||Normal||Above normal||Slightly above normal||Slightly above normal|
|Risk assessment||Downside risks dominate||Symmetric||Downside risks dominate||Downside risks dominate|
At the end of the forecast horizon.
UND1 (calculated by the Sveriges Riksbank) in June and September 1998; UNDIX in December 1998 and March 1999 (calculated by Statistics Sweden).