Preisniveaustabilität

Preisniveaustabilität refers to the state of a stable general price level within an economy, meaning that the average price of goods and services does not change significantly over time. This implies a low rate of inflation or deflation. Maintaining price stability is a primary objective for many central banks and governments.

A stable price level is considered beneficial for economic actors. For consumers, it allows for more predictable purchasing power, making it easier to plan future spending and savings. Businesses benefit from reduced uncertainty in their pricing strategies, investment decisions, and long-term contracts. A stable price environment generally fosters greater confidence in the economy, encouraging investment and sustainable economic growth.

Conversely, significant deviations from price stability, such as high inflation or persistent deflation, can have detrimental effects. High inflation erodes the value of money, disproportionately harming those on fixed incomes. Deflation can lead to delayed spending as consumers anticipate lower prices, potentially causing a contraction in economic activity. Central banks typically employ monetary policy tools, such as adjusting interest rates and managing the money supply, to achieve and maintain price stability. The exact target for price stability can vary, with many central banks aiming for a low, positive inflation rate, often around 2%.