ECU-EMS information. 1 1994 Monthly

Eurostat

Description

Theme 2 ISSN 1011­0844 Economy and finance Series Β Short­term trends ECU-EMS information Price indices in ecu (*) The aim here is to study the relationship between indices of This stability allowed pressure to build up. Instead of being national prices expressed in ecus and the same index for eased by frequent but minor parity adjustments ­ as EUR­12. happened before 1987 ­ it was tackled by radical and sudden realignment. The discrepancies observed in the It must be remembered that this index represents the purchasing powers of the various currencies needed to be average of the indices of national prices expressed in ecus remedied; changes in purchasing power were no longer weighted by each Member State's relative share of the final reflected in the exchange rates. consumption of households. Since it is based on consumption, this index reflects actual transactions (flows When the trend in the index of prices expressed in ecus in of goods) and thus has sound methodological validity. In the various countries of the European Union is considered concrete terms, the national index shows the change in (see tables), it can be seen that changes in exchange rates purchasing power, in a specific country, of an individual contributed to the convergence of national indices towards purportedly holding a bank account in ecus. As for the the EUR­12 index.

Sujets

• Economie gestion

Informations

• Publié par: EUROSTAT
• Nombre de lectures: 6
• Langue: English

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