The Eurosystem staff projections point to a rate of inflation of 2.1 % to 2.3 % in 2006, 1.5 % to 2.5 % in 2007 and 1.3 % to 2.5 % in 2008.
BIS Review 126/2006  1  This outlook for price developments remains subject to upside risks, stemming in particular from a stronger than expected pass-through of previous oil price increases, as well as the possibility of renewed oil price increases and of additional increases in administered prices and indirect taxes beyond those announced and decided thus far.