based on the attached inflation data, which country's inflation forecast is improving the most relative to its recent headline inflation? Japan, UK or US
based on the attached inflation data, which country's inflation forecast is improving the most relative to its recent headline inflation? Japan, UK or US
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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based on the attached inflation data, which country's inflation
Transcribed Image Text:Based on the attached inflation data, which country's
in Country/Regi... Headline
Target Inflation Rate (%) Inflation Forecasts Policy Rate (%)
Inflation
re
U.S.
Euro Area
Japan
U.K.
Canada
Australia
New Zealand
Switzerland
U.S.
Euro Area
Japan
U.K.
Rate (%)
4.0
5.5
3.2
8.7
10 Indicators Monthly
Country/Region
Canada
Australia
New Zealand
3.4
7.0
6.7
1.7
10-
Target Actual (+)/(-) Anl Fcst
2.0 3.8
<2.0
5.5
2.0(+/-1)
2.0-3.0
1.0-3.0
<2.0P
2013
2.0
2.0
Chart
-07-Jul-2013-12-Jul-2023
e View
1.8
3.5
1.2
6.7
0.4
4.0
3.7
3.2
8.7
3.4
7.0
6.7
1.7 In Range
2014
US CPI Urban Consumers YoY NSA 4.0476
Eurostat Eurozone MUICP All It 5.50
2015
2016
4.1
5.4
2.8
7.2
3.7
5.6
5.5
2.4
2017
(+)/(-) Nominal
2.1 5.25
3.4
0.8 -0.10
Track
T
4.000
2018
5.2 5.000
0.7
4.750
2.6
4.10
-2.90
2.5
5.500 -1.20
0.4
1.75
0.05
2019
Broad
Real Narrow
1.25 -0.4 -4.0
-1.50
-6.4
1.4
-3.30
-1.0
2.7
-3.70
0.0
1.35
6.5
6.0
Zoom
Money Supply Output
(YOY %)
Gap(%)
2020
--
-7.4
-1.1
10.8
-22.9
2021
1.6
-1.2
Maximize >>
2022
0.2
-2.2
-1.5
0.8
0.1
0.6
0.3-
2023
X
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