Chart 14 Survey- and market-based indicators of inflation expectations a) CES inflation expectations, b) SPF inflation expectations profile, c) Euro area inflation rates implied by market-based measures of inflation compensation, d) Euro area inflation-linked swap (ILS) rates at longer maturities and estimated expectations component (annual percentage changes)  Sources: ECB CES, SPF, December 2022 Eurosystem staff projections, Bloomberg, Refinitiv and ECB staff calculations.
One cannot help but think why is it then that in PNG there has not been a professional body of economists, just like the accountants, engineers and lawyers do have their professional bodies. To have a society or association of economists and thus such an occasion today is therefore long over due. As the saying goes, it is better late than never.