Harmonized Index of Consumer Prices


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Harmonized Index of Consumer Prices

A measure of inflation used by the European Central Bank that considers what people spend on important goods and services. It is calculated by taking the average of changes in price to a basket of goods and services compiled by EU member states. The goods and services in the basket are weighted according to their perceived importance. The HICP is considered a primary tool in determining how people are experiencing inflation. The European Central Bank attempts to keep inflation as measured by the HICP a little bit below 2% in the medium term.
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Using the Harmonized Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany also rose by 0.
The harmonized index of consumer prices in March 2015, as compared to February 2015, stood at 100.
4, 2014 /PRNewswire/ -- In July 2014, annual inflation as measured by the Harmonized Index of Consumer Prices (HICP) declined in 10 of the 16 economies compared, including in the U.
This is the Harmonized Index of Consumer Prices (HICP), which apportions weights according to the relative size of countries' consumer expenditures.
As stated in the announcement on the evolution of the Harmonized Index of Consumer Prices (HICP) for April 2014, the highest increase was marked on clothing and footwear (6,1%), on transport (2.
France -- July harmonized index of consumer prices, or HICP, and CPI.
The product has is using real assets as part of the mix providing protection against Eurozone inflation as measured by the Harmonized Index of Consumer Prices (HICP).
One of the key topics under discussion in Europe is whether and how to include costs associated with owner-occupied housing (OOH) in the harmonized index of consumer prices (HICP).
The new table, "Harmonized index of consumer prices for selected countries and areas, percent change from same period of previous year, 2003-06," uses the methods of the European Union's Harmonized Index of Consumer Prices (HICP) to compare inflation rates of all G7 countries except Canada?
The ECB's definition of price stability--year-on-year increases in the Harmonized Index of Consumer Prices of below 2 percent--provides a firm anchor for expectations and a clear benchmark for accountability.
The European central bank's monthly bulletin points out that annual consumer price inflation in the Euro Area, as measured by the Harmonized Index of Consumer Prices (HICP), declined to 3.
To measure inflation, a harmonized index of consumer prices (HICP) has been devised by Eurostat in collaboration with the National Statistical Institutes of the Member States.

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