Most of the effects of these measures have still come into effect. With regard to fiscal stabilisation it is also necessary to keep in mind that its effects should not only be evaluated by discretionary measures alone. Built-in adjustments in public budgets – so-called automatic stabilisers – provide stimulus through a rule-based fiscal framework.
That being said, the average annual rate of change in terms of the CPI during that period was around 0 percent – specifically, it was minus 0.3 percent. However, since the change in the CPI is biased upward, it overstates actual inflation. Therefore, a CPI growth rate of 0 percent means that the economy is actually experiencing deflation.