Norges Bank

Staff Memo

CPIXE and projections for energy prices

By Einar W. Nordbø
Staff Memo

This paper describes the new indicator of underlying inflation used at Norges Bank, the consumer price index adjusted for tax changes and excluding temporary changes in energy prices (CPIXE). In particular, we discuss the projections for energy prices, which impact on the estimated trend change in energy prices in the CPIXE.

Staff Memos present reports and documentation written by staff members and affiliates of Norges Bank, the central bank of Norway. Views and conclusions expressed in Staff Memos should not be taken to represent the views of Norges Bank.

ISSN 1504-2596 (online)

Published 29 October 2008 14:15
Published 29 October 2008 14:15