Evaluation of monetary policy

From: Norges Bank. Inflation Report | Date: September 1, 2003| Author: Anonymous | Copyright information

4.1 Consumer price inflation in 2003 and the background for deviations from the target

4.1.1 Consumer price inflation

In Norges Bank's Annual Report for 2002, developments in inflation in 2002 were summarised as follows:

"The rate of increase in consumer prices adjusted for tax changes and excluding energy products, CPI-ATE, exhibited a gentle downward trend through 2002. CPI-ATE inflation averaged 2.3 per cent between 2001 and 2002. Inflation was increasingly marked by a...

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