1. EconomyAustralia

   Australia: in February 2021 the Reserve Bank of Australia expected inflation of 1.5% for 2022; the outcome was 7.8%

   Forecasts of 72 releases (2007–2024) for the next year: the outcome above the forecast 28 times, below 44; typical error −0.33 percentage points. The largest under-forecast in February 2021: 1.5% expected for 2022, the outcome was 7.8%. The largest over-forecast in November 2008: 3.5% expected for 2009, the outcome was 2.1%.

   Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →

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