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Harmonized Index of Consumer Prices
(redirected from Harmonized Indices 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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APPENDIX B: DATA SOURCES Harmonized Indices of Consumer Prices All HICP data were obtained from Eurostat's Web site at http://epp.
See also "Annex 1: The Harmonized Indices of Consumer Prices (European Union)," in The Consumer Price Index Manual: Theory and Practice (Geneva, International Labor Office, 2004).
 
 
 
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