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
Volume (Year): 18 (2012)
Issue (Month): 2 ()
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