10 Ian Babetskii
Figure 2: Price Inflation and Wage Inflation, yearly changes, 1995-2004, quarterly*
CE-4
| —G CPI HU — G WN HU]
ERM-II
G CPI ES G WN ES|
EU
| —G CPI AT — G WN Ât|
| —G CPI LA —G WN LÂ]
| —G CPI GR — G-WNjGR∣
| —G CPI PL — G,WN,PL∣
G CPI LI G WN Ll|
|—g cpi pt g wn pt]
.67
.5-
.4-
.3-
.2-
.04",≡",≡"2∞0",2∞2",2∞4
| —G CPI SK — g wn sk|
| —G CPI SL —G WN Sl]
Table 2: Price Inflation and Wage Inflation, yearly changes, 1995-2004, quarterly*
|
__________CE-4_________ |
_________ERM-II |
_______________EMU-3________ | |||||
|
GCPI |
G WN |
GCPI |
G_WN |
GCPI |
G WN | ||
|
CZ |
5.3 |
10.2 |
ES |
9.2 |
15.8 AT |
1.7 |
1.9 |
|
HU |
13.0 |
14.9 |
LA |
7.4 |
10.5 GR |
4.2 |
6.9 |
|
PL |
10.4 |
14.1 |
LI |
8.2 |
9.1 PT |
3.0 |
1.6 |
|
SK |
_________7.8 |
9.7___ |
SL |
8.0____ |
11.0____________ | ||
|
Note: |
*Price inflation |
GCPIt = |
(CPIt/CPIt— |
4 - 1) ; wage inflation G_WNt = |
(WN1WN14 - | ||