Not exact matches
Without additional restraint, we would have
expected annual increases in line with
inflation and population post 2014 - 15 for this
component of expenses.
They also
expected inflation excluding unprocessed food and energy — the two most volatile
components — at 1.0 percent, the same as in May.
Looking at the main
components of euro area
inflation, food, alcohol & tobacco is
expected to have the highest annual rate in June (3.2 %, stable compared with May), followed by energy (1.6 % compared with -0.2 % in May), services (1.4 % compared with 1.5 % in May) and non-energy industrial goods (0.7 % compared with 0.8 % in May).
Each index includes an LDI
component —
inflation - protected fixed income securities with an average duration [ii] matching the
expected timing of the retirement cash flows for that specific retirement period.