Disinflation

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Under a disinflation or disinflation is meant a reduction in the prices rise, that is, the rate of price increase decreases. Disinflation thus describes a decrease in inflation , but not a fall in the price level ( deflation ). Disinflation policy aims to reduce the rate of inflation in an economy. According to the Phillips curve concept , a disinflation strategy leads to a reduction in real gross domestic product .

Disinflation from 2011 (EU / Eurozone)

Example: disinflation in the euro area

The Governing Council of the ECB assumes that price stability is guaranteed when annual inflation is below but close to 2% - in this respect, the monetary policy objective in this regard is geared towards meeting the target rate. In 2013, the ECB was unable to maintain the quota in the EU area: on an annual average, consumer prices in the euro area rose by 1.4% (EU: 1.5%). Declining inflation rates are disinflation, not deflation yet , but the situation is unstable, the ECB reported in November 2013.

Web links

Individual evidence

  1. Peter Eisenhut: Current Economics . 2016, ISBN 978-3-7253-1033-3 .
  2. European Central Bank, July 1, 2013: Monetary Policy: Price Stability - Definition ( Memento of the original from December 4, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. : “The Governing Council also stated that price stability“ must be guaranteed in the medium term ”. Accordingly, the Governing Council is pursuing the goal of keeping the inflation rate below, but close to, 2% in the medium term . " @1@ 2Template: Webachiv / IABot / www.ecb.europa.eu
  3. Eurostat, January 16, 2014: Press release ( Memento of the original of January 24, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF) p. 2. @1@ 2Template: Webachiv / IABot / epp.eurostat.ec.europa.eu
  4. Reuters, November 19, 2013: Eurozone recovery fragile but no deflation risk: ECB's Praet : "There is no risk of deflation visible in the euro zone economy but its recovery is fragile with inflation low and credit subdued [...]"