Do we really think zero inflation means prices are stable?

There is no doubt that unless things change, some countries will have zero inflation,' Brown said.

If words still mean anything, "price stability" means zero inflation as the target.

But he has said he can wait some years for zero inflation.

Full employment, like zero inflation, was a goal we always worked towards but could never reach.

John Major is the only leader committed to striving for zero inflation.

So why do central banks not invariably aim for zero inflation?

In addition, consumer spending power has been boosted by lower energy prices and zero inflation.

But other participants argued in favor of pressing further toward zero inflation, if not to go all the way.

Zero inflation for the past three months has been a one-time event driven by the fall in energy prices.

"Right now we have virtually zero inflation," he said.

The Maastricht criteria suggest that zero inflation is best,' he said.

It's a combination of almost zero inflation in what are called "tradables."

Mr. Greenspan said he would try to achieve zero inflation over the next five years.

Is that zero inflation, as the Government says?

But hang on: Americans enjoy virtually zero inflation without punishing interest rates.

Elsewhere, in Germany, for example, the old math still applies: zero inflation is the acceptable rate.

This error would imply that zero inflation means de facto a declining price level.

If the Bank was offered zero inflation for a while and growth picking up towards the end of next year it would take it now.

Is a zero inflation target an impossible dream?

"But I would expect to hear less about zero inflation and more about a noninflationary environment as a means to the end of economic growth."

Of course any move towards zero inflation should be taken very gradually with plenty of time to look listen and learn.

Despite near zero inflation last year, the total cost of raising a child has increased from £229,251 last year, the report found.

It does not require literally zero inflation but cannot well cope with unpredictable wild fluctuations.

In virtually every industrialized country, the official task of the central bank is to achieve price stability, or roughly zero inflation.