Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

Relative prices, inflation, the terms of trade and the Policy Targets Agreement

David John Archer

This article, by David Archer, discusses the distincion between relative price changes and inflation, and notes how the Policy Target Agreement deals with the distinction, with particular reference to the terms of the trade.