price-level targeting
noun[U]
ECONOMICSukusatypeofmonetarypolicy(=governmentactionstocontroltheamountofmoneyin aneconomy)whichaimstokeepthepricelevelat aparticularlevel,measuredaccordingto theCPI:
Intheoryprice-leveltargetingissuperiorto inflation-targeting because itprovidesmorecertaintyabout thelong-termpurchasingpowerofmoney.
Compare
CPI