Market Concepts oomberg L$.$P$.$

nguage

GDP

Ilicators introduction

SFDP

tatistics

conomic indicators

growth

yment

confidence

Based on the chart, which answer best describes CPI numbers in terms of economic conditions?

Lum Wad inflation aboyt $6\%$ above the desired target rate in $2022,$ with the rate expected III to dedine over the next two years but remain above the target rate.

We had inflation about $6\%$ above the desired target rate in $2022.$ With the rate expected to decline over the next two years and drop below the target rate.

We had inflation alout $8\%$ alove the desired target rate in $2022,$ with the rate expected to decline over the next two years but remain well above the target rate.