... adopted afterwards, the average of the actual annual inflation rate in the sample is taken as the target for that year. One-year-ahead inflation expectations are based on one-year-ahead WEO forecasts ... Lisandro Abrego, Luis Cubeddu, Mario Deheza, Maria Gonzales-Miranda, Charles Kramer, Gabriel Lopetegui, Pablo Morra, Shawn Roach, Daniel Rodriguez Delgado, Camilo Tovar, and Yulia Ustyugova and ... Notwithstanding data limitations that may hinder the accuracy of the NRIR estimates, we also find that Costa Rica, Dominican Republic, Guatemala, and Paraguay, still have a 19 See Marques and Manrique...