Price stability is low and stable (non-volatile) changes in the general price level, generally referred to as the inflation rate. History has shown that when inflation is low, it tends to be non-volatile. What is low inflation? The majority of the world tends to subscribe 2-3% pa. Why 2-3% pa and not 0% pa? The jury is out on this one, but present economic lore holds that 0% pa is too close to …