{"id":6735,"date":"2023-11-28T15:32:51","date_gmt":"2023-11-28T15:32:51","guid":{"rendered":"https:\/\/revista.isfin.ro\/?p=6735"},"modified":"2023-12-22T15:32:10","modified_gmt":"2023-12-22T15:32:10","slug":"the-economic-social-influences-of-the-consumer-price-index-the-case-of-post-communist-romania","status":"publish","type":"post","link":"https:\/\/revista.isfin.ro\/en\/2023\/11\/28\/the-economic-social-influences-of-the-consumer-price-index-the-case-of-post-communist-romania\/","title":{"rendered":"THE ECONOMIC-SOCIAL INFLUENCES OF THE CONSUMER PRICE INDEX: THE CASE OF POST-COMMUNIST ROMANIA"},"content":{"rendered":"
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Authors: Teodora Maria Suciu, Mihaela \u0218tefan-Hint, Remus Ionu\u021b Ilie\u0219<\/p>

Vol. 8 \u2022 No. 15 \u2022 November 2023<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Abstract<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The consumer price index plays an important role in the current economic-financial activity because the income level is updated with the help of the rate of this index, both in the private environment and in public institutions, which means that if the level of the index is high, salaries or pensions are increased accordingly. The objective of this paper is to examine the impact of the most important aspects related to the consumer price index and some of the most important macroeconomic determinants in Romania. The authors consider this research proposal necessary because it has been observed that the consumer price index influences the economic situation within a country and causes changes in unfavorable directions on macroeconomic indicators. The study is based on a set of statistical data covering the period 1990-2021. The result of econometric model indicates that all the proposed independent variables – economic growth, labor productivity, invested capital, gross salary, net salary, have a significant impact on the consumer price index – the dependent variable. Our opinion is that the consumer price index influences to a large extent the economic and social activity of Romania because following the results of the econometric analysis it was found that Capital investment and Grosswages are the main factors that led to the increase of the Consumer Price Index, while the study presents and some unfavorable directions (Economic Growth, Labour productivity, Net wages) with direct influence on Consumer Price Index.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Keywords:<\/strong> Consumer Price Index; regression analysis; Ordinary Least Square; macroeconomic factors; Romania case<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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JEL Classification:<\/strong>L16, E31, F37, F47.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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DOI: <\/strong>10.55654\/JFS.2023.8.15.12
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Authors: Teodora Maria Suciu, Mihaela \u0218tefan-Hint, Remus Ionu\u021b Ilie\u0219 Vol. 8 \u2022 No. 15 \u2022 November 2023 View article PDF View abstract PDF Abstract The consumer price index plays an important role in the current economic-financial activity because the income level is updated with the help of the rate of this index, both in the …<\/p>\n

THE ECONOMIC-SOCIAL INFLUENCES OF THE CONSUMER PRICE INDEX: THE CASE OF POST-COMMUNIST ROMANIA<\/span> Read More »<\/a><\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[180],"tags":[],"yoast_head":"THE ECONOMIC-SOCIAL INFLUENCES OF THE CONSUMER PRICE INDEX: THE CASE OF POST-COMMUNIST ROMANIA - Revista de Studii Financiare<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/revista.isfin.ro\/en\/2023\/11\/28\/the-economic-social-influences-of-the-consumer-price-index-the-case-of-post-communist-romania\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE ECONOMIC-SOCIAL INFLUENCES OF THE CONSUMER PRICE INDEX: THE CASE OF POST-COMMUNIST ROMANIA - Revista de Studii Financiare\" \/>\n<meta property=\"og:description\" content=\"Authors: Teodora Maria Suciu, Mihaela \u0218tefan-Hint, Remus Ionu\u021b Ilie\u0219 Vol. 8 \u2022 No. 15 \u2022 November 2023 View article PDF View abstract PDF Abstract The consumer price index plays an important role in the current economic-financial activity because the income level is updated with the help of the rate of this index, both in the … THE ECONOMIC-SOCIAL INFLUENCES OF THE CONSUMER PRICE INDEX: THE CASE OF POST-COMMUNIST ROMANIA Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/revista.isfin.ro\/en\/2023\/11\/28\/the-economic-social-influences-of-the-consumer-price-index-the-case-of-post-communist-romania\/\" \/>\n<meta property=\"og:site_name\" content=\"Revista de Studii Financiare\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-28T15:32:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-22T15:32:10+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ri_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/revista.isfin.ro\/#website\",\"url\":\"https:\/\/revista.isfin.ro\/\",\"name\":\"Revista de Studii Financiare\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/revista.isfin.ro\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/revista.isfin.ro\/2023\/11\/28\/the-economic-social-influences-of-the-consumer-price-index-the-case-of-post-communist-romania\/#webpage\",\"url\":\"https:\/\/revista.isfin.ro\/2023\/11\/28\/the-economic-social-influences-of-the-consumer-price-index-the-case-of-post-communist-romania\/\",\"name\":\"THE ECONOMIC-SOCIAL INFLUENCES OF THE CONSUMER PRICE INDEX: THE CASE OF POST-COMMUNIST ROMANIA - 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