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Price Stability

Author

Listed:
  • Olteanu Ana-Cornelia

    (Constanta Maritime University)

  • Cristea Viorela-Georgiana

    (Constanta Maritime University)

Abstract

We can talk about price stability when not seen as inflation or deflation phenomena. Thus the European Central Bank defines price stability as an increase of up to 2% per annum of the harmonized index of consumer prices. The lowest inflation rates were recorded in countries such as Greece and Sweden, and the highest in Hungary, followed by Romania, according to recent data provided in November 2012 by the European Central Bank. Overall, most countries faced with low and relatively stable levels of inflation, explained that although individual prices of products in some sectors have seen a substantial increase in overall they were compensate of price reductions in other sectors and finally reached a relatively stable general price level

Suggested Citation

  • Olteanu Ana-Cornelia & Cristea Viorela-Georgiana, 2012. "Price Stability," Constanta Maritime University Annals, Constanta Maritime University, vol. 18(2), pages 327-330.
  • Handle: RePEc:cmc:annals:v:18:y:2012:i:2:p:327-330
    as

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    File URL: http://cmu-edu.eu/RePEc/cmc/annals/327-v18.pdf
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    References listed on IDEAS

    as
    1. Laitinen, Erkki K., 2002. "A dynamic performance measurement system: evidence from small Finnish technology companies," Scandinavian Journal of Management, Elsevier, vol. 18(1), pages 65-99, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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