ANALYSIS ON THE EVOLUTION OF PRICES, INCOME AND HOUSEHOLD EXPENDITURE
ANALYSIS ON THE EVOLUTION OF PRICES, INCOME AND HOUSEHOLD EXPENDITURE

Summary/Abstract: One of the main factors that could exert an impact on consumption is the household income. Thus, the household income, though its volume, its structure and its fluctuation determine consumption. The population's buying power is influenced not only by the fluctuation of disposable income but by the price dynamics of consumer goods. At the same time, these two factors determine the level and the fluctuation of wealth. In our country, there has been a decline in spending power within the analyzed time frame. Inflation and continuous rising prices have led to an increase on the population's consumer spending and reduction of consumption.

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