An observatory of prices tries to improve the knowledge of the explanatory circumstances of the formation of the

price A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for goods or services. In some situations, the price of production has a different name. If the product is a "good" in the ...

s of goods, typically of differences between prices of basic products from source to destination, or in different markets, allowing to carry out a systematic pursuit of the same, and making the prices creation as public as possible. An observatory of prices tries to favor the transparency and rationality in the commercialization of products in free complex markets, contributing to the

price stability Price stability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity. Policy is set to maintain a very low rate of inflation or deflation. For example, the European Central Bank (ECB) describes price s ...

of products (trying to limit

deflation In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflatio ...

inflation In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduct ...

), increasing the organization and amount of information of the quotes of products, and improving the competition in the different phases from the commercialization process and in the different times and locations, to the benefit of all the intervening agents in the chain, especially of the

consumer A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. ...

Spanish Observatory of Price

Canary Island Government Price's Observatory

Supercomprador Price Observatory

References

{{Reflist Pricing Supermarkets