Inflation Expectations Survey: 2018Q4

In the fourth quarter of 2018, average inflation expectations declined by 0.2 percentage points (% pts) across the whole forecast horizon. Previously, analysts, business people and trade union representatives on average expected inflation to pick up from 5.3% in 2018 to 5.6% in 2020. In the fourth quarter, they revised their forecast slightly downwards to 5.1% and 5.4% respectively.

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