Executive Board meeting 26 May 2004

of the CPI adjusted for tax changes and excluding energy products (CPI-ATE), various measures of the real after-tax interest rate, the housing stock (as

Twelve-month change. Sources: Statistics Norway and Norges Bank.. CPI and indicators of underlying

3 In this article, we consider how underlying price inflation, measured by the consumer price index adjusted for tax changes and excluding energy products (CPI-ATE), has

Sources: Statistics Norway and Norges Bank Domestically produced goods and services (0.7). Imported consumer goods

1) Adjusted for tax changes and excluding energy products (CPI-ATE) The bands in the fan indicate different probabilities for consumer price

5.7 Projections for CPI-ATE based on different interest rate and exchange

Consumer prices adjusted for tax changes and excluding energy products (CPI-ATE) ... 12-month rise.. Actual developments and expected key rate 1) at 29 Jun 04.

Projections for the CPI from this Report form the basis for this estimate. 2) 10-year swap rate deflated by the inflation target. 3) Calculations may indicate that the normal