ANALYSIS OF INFLATION RATE IN ROMANIA IN THE PERIOD 2004-2013
Inflation rate is one of the most important macroeconomic indicators calculated to track the evolution of prices from one period of time to another. A high rate of inflation impedes economic growth and development and reduces confidence in the currency. This material examines the evolution of infla...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2014-12-01
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| Series: | Annals of the University of Petrosani: Economics |
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| Online Access: | http://www.upet.ro/annals/economics/pdf/2014/part2/Vilcu.pdf |
| Summary: | Inflation rate is one of the most important macroeconomic indicators calculated to track the evolution of prices from one period of time to another. A high rate of inflation impedes economic growth and development and reduces confidence in the currency.
This material examines the evolution of inflation rate in our country for a period of 10 years (2004-2013). The role of research is to analyze the evolution in terms of inflationary in Romania in the context of EU accession. After 2000 Romania has experienced high rates of inflation that led to difficulty meeting the convergence criteria of our country in the EU currency. The period 2004-2013 is very important to position our country in the European Union. The analysis highlights that our country has paid attention to anti-Inflationary policies and of the monetary implemented by the National Bank after joining the EU, given declining inflation in the analyzed period. The National Bank further work is important for achieving the convergence criteria and the possibility of moving Romania EUR currency. |
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| ISSN: | 1582-5949 2247-8620 |