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Prices for consumer goods

Description

Policy can influence the prices consumers pay for instance by monetary policy, which affects inflation, or by regulating duties and subsidies and by setting the prices of public goods.
Monetary policy is one of the tools used by public authorities to influence the economy. By using monetary authority to control the supply and availability of money, governments endeavour to line up the overall level of economic activity with political objectives, usually those of macroeconomic stability, i.e. economic growth, low unemployment, low inflation, and a balance of external payments.
Excise duties are a public authority intervention having a direct and deliberate effect on consumer prices. Excises are in fact indirect duties levied on specific goods, and have the purpose either to raise revenue or to discourage the consumption of that good or both. Taxes on fuel, alcohol and tobacco are typical examples, and they are often justified both on the ground of raising revenue and on the ground of protecting health and environment.

Does the policy option affect the prices consumers pay?

Relevant Policies

EU Consumer Policy Strategy 2007-2013 adopted on 13 March 2007, which sets out the challenges, role, priorities and actions of EU consumer policy for this period. The overall objectives of the Strategy are to empower consumers, to enhance their welfare and to protect them effectively.

Contact

DG Health and Consumers: http://ec.europa.eu/dgs/health_consumer/mailbox/index_en.htm

Web Resources

Further Sources of Data

Please link to other sources of data, e.g. important reports, annual reports etc. 

Further Sources of Information

EC related information:
European Commission: Consumer affairs
Activities of the European Union: consumers
Activities of the European Union: Economic and Monetary Affairs

Eurostat Indicators

The following Eurostat indicators are relevant to address the key question:
- Household expenditure per inhabitant, by category/product group
- Comparative price levels
- Price convergence between EU member states

Other Official Indicators

Relevant data is also available through the OECD database under the heading: Prices and Purchasing Power Parities:
http://www.oecd.org/std/pricesandpurchasingpowerparitiesppp/

Publications and applications

Content for this term

Title Type Updated date
Prices for Consumer Goods Impact Area 2013-05-06 19:21