In this study, we build two forecasting models to predict inflation Harmonised Index of Consumer Prices (HICP) for the … prices. The model for the Netherlands is used to generate the Dutch inflation projections for the eurosystem's Narrow … Inflation Projection Exercise (NIPE). The recursive forecast errors for several forecast horizons are evaluated for all models …

inflation can be improved by aggregating forecasts of subindices of the Harmonized Index of Consumer Prices (HICP) as opposed to … distinguishes between different forecast horizons, HICP components and inflation measures. Various model selection procedures are … component does not necessarily help forecast year-on-year inflation twelve months ahead …