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Author:Javetski, B.
Title:Caution: falling prices
Journal:Business Week
1996 : DEC 16, VOL. 3438:820, p. 16-17
Index terms:EUROPE
PRICES
INFLATION
Language:eng
Abstract:Disinflation takes Europe by storm. It used to be routine. With a lock on half the Italian market, auto giant didn't think twice about raising prices several times a year. Until 1996, that is. After two summertime moves boosted average prices by a modest 1.8%, Fiat scrapped plans to put through a third hike in September. And that's not all. Thanks to discounts, the company's biggest seller, the subcompact Punto, now goes for $14, 400 - over 5% cheaper than it was a year ago. This is the new economics of disinflation.
SCIMA record nr: 158546
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