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Some Aspects Regarding the Inflation Evolution During the Last Period

Author

Listed:
  • Madalina Gabriela ANGHEL

    (“Artifex”University of Bucharest)

  • Constantin ANGHELACHE

    (Bucharest University of Economic Studies“, Artifex”University of Bucharest)

  • Alexandru MANOLE

    (“Artifex”University of Bucharest)

Abstract

This paper develops on the evolution of the consumer prices, that give the measure of inflation. The case study is based on the situation of the Romanian economy. One of the main phenomena that affects a national economy is the inflation, therefore the authors considered that a thorough analysis of the situation in Romania, based on official data, is useful both from the theoretical and practical viewpoints. In this paper, the authors started from the old definition of the inflation, considered a process to multiply additional money without any correlation of the increase in output (production). On the other hand, the economists considered that we get nominal and real prices. That means that from one period to another, the price for the same good is different. Starting from tat theoretical aspect, we used the data published by the National Institute of Statistics in order to show how the modification of the prices changed the nominal prices in real prices. Normally, the increase of prices leads to the need for more money for persons in order to satisfy their need for consumption.

Suggested Citation

  • Madalina Gabriela ANGHEL & Constantin ANGHELACHE & Alexandru MANOLE, 2016. "Some Aspects Regarding the Inflation Evolution During the Last Period," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 104-109, August.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:8:p:104-109
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    References listed on IDEAS

    as
    1. Dobrescu, Emilian, 2006. "Macromodel of the Romanian market economy (version 2005)," MPRA Paper 35749, University Library of Munich, Germany.
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    Cited by:

    1. Madalina-Gabriela Anghel & Maria Mirea & Alexandru Badiu, 2018. "Analysis of the Main Aspects Regarding the Price Indices Applied in the Determination of Inflation," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(2), pages 28-36, April.
    2. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2016. "The major economic evolution of Romania by the middle of 2016," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(609), W), pages 165-182, Winter.
    3. Madalina-Gabriela Anghel & Georgeta Lixandru & Marius Popovici & Alina – Georgiana Solomon & Emilia Stanciu, 2017. "Theoretical Elements on the Use of Price Indices for Inflation Measurement," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(3), pages 38-47, July.
    4. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2016. "The major economic evolution of Romania by the middle of 2016," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(609), W), pages 165-182, Winter.
    5. Madalina-Gabriela ANGHEL & Florin Paul Costel LILEA & Maria MIREA, 2017. "Analysis of the interdependence between GDP and Inflation," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(3), pages 148-155, March.

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