Price stability - major macroeconomic objective

Price is a basic element of the market economy system and has become a leading economic category, due to its functions within it. Ensuring price stability is a major objective of the governance process, as it contributes to creating a relatively stable economic framework that allows for economic development and ensuring a sustained level of economic growth. The global economic crises, in parallel with the regional political instability, aggravated by the devastating consequences of the pandemic situation, emphasize once again the importance of the dynamics of price developments on the macroeconomic situations of contemporary states.