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What is price stability? If possible can you site or give any sample economy news about...

What is price stability? If possible can you site or give any sample economy news about it or related to price stability whether it increased or decreased

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Ans- Price stability can be defined as a situation in which in an economy there is a little or no change over a period of time is known as price stability. In simple words we can say that it is lack of inflation or deflation which occurs with the price. Such example of price stability is mentioned below:

Buying a house in 1990 for $200k and it's still worth $200k- This is an example of price stability because there is no change in the prices of houses. In beginning the worth is $200k and still the price remains the same.

In new delhi, india there is an example of price stability in the prices of oil.Government oil companies made no change in the price of Diesel Price and Petrol Price in 17 days. Petrol remained at Rs 81.06 in Delhi and diesel at Rs 70.46 per liter. On the 18th day the price decreased.

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