The March Summary of Economic Projections for 2015 personal consumption expenditure inflation decreased at the lower and upper bounds of the central tendency from the December projection, by 0.4 and 0.8 percentage points respectively. The 2016 projection remained unchanged at the lower bound and decreased at the upper bound of the central tendency, and the 2017 projections increased slightly at the lower bound of the central tendency. The long-term central tendency projection remained unchanged from the December projection of 2.0 percent.
