The Evolution of the Purchasing Power in Corelation with the Prices

Cazan Doinita () and Cucos Alina-Florentina ()
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Cazan Doinita: „Dunarea de Jos” University of Galati
Cucos Alina-Florentina: „Dunarea de Jos” University of Galati

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 311-313

Abstract: The most important criterion used in Romania to assess the buying power is the average wage, also an accurate indicator of the general evolution of the state's economy. The economic crisis and the overall decrease of earned salaries, for both private and public sectors, deeply affects the way the consumption costs for Romanian families evolve.After two decades of economic reform, Romania is still among the last countries in the European Union, regarding the quality of life and the access of people to goods and services necessary for normal standards of living in modern societies.

Keywords: purchasing power; inflation; salary; consumer price. (search for similar items in EconPapers)
JEL-codes: E21 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:311-313

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