Moreover, points out Mr Schubert, the mid-point of the inflation projection for 2002 is 1.9%, within the definition of price stability.

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For example, the new technology could help shave the typical price of a high-definition television to less than half its current price by this summer and fall.

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Unlike the Bank of England, for example, the ECB gets to write its own definition of price stability.

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In the narrow definition of excellence price they probably are excellent.

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Since the new Europe-wide rule to strengthen banks is that they must - by the middle of 2012 - have a minimum of 9% capital on a Basel 2.5 basis relative to their risk-weighted assets, after allowing for the fall in the price of their holdings of the debts of over-indebted eurozone countries, by definition it is the banks in those over-indebted eurozone countries that emerge as weakest.

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Oh, and finally resolve that thorny definition of a cynic, as a person who knows the price of everything and the value of nothing.

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Yet since inflation is by definition a rise in the general price level, not one set of prices, it's never as orderly as proponents of inflationary policies like to claim.

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The price that arises out of the market, then, is by definition the correct one.

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He thinks that regardless of the10 reasons high definition formats have failed already, the biggest problem they have is price.

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If you deliberately fix the price at some other level then supply and demand will be, by definition, out of balance.

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