The medians of the Policy Board members' forecasts presented in the January Outlook Report for the year-on-year rate of change in the CPI excluding fresh food are 0.0 percent, 1.1 percent, and 1.1 percent for FY2021, 2022, and 2023, respectively (Chart 7).
As a member of the FSB, I would like to thank you in advance for your effort to make our work easier and – possibly – more effective! Thank you. 3