Price Convergence in Romania - Statistical Evaluation

The creation of both the Economic and Monetary Union and of the single common market have meant two very important steps in getting a more and more compact Union. The first step regarding EMU lead to the adoption of a single currency and to the elimination of the exchange rates fluctuations, while the second one lead to the elimination of physical, administrative and technical barriers in order to achieve a sustainable economic growth and a stimulation of competition.These two aims are frequently monitored, among the indicators measuring their fulfilment being those concerning prices: The harmonised index of consumer prices and the price level index.The purpose of this paper is to present the price convergence in Romania measured on the base of HICP and the price level estimated in the PEC framework.