Monetary Union Index of Consumer Prices

(redirected from MUICP)
Also found in: Acronyms.

Monetary Union Index of Consumer Prices

The official measure of the euro's inflation. It is calculated by taking the weighted average of inflation in each country of the eurozone. The MUICP is published annually by Eurostat, the agency responsible for collecting statistics for the European Commission. Eurostat also determines the weighting each country receives. The individual data used in calculating the weighted average results in Harmonized Indices of Consumer Prices for each eurozone country, which are compiled by the European Central Bank. See also: Consumer price index.
References in periodicals archive ?
Using annual changes in the traditional MUICP to measure inflation, we first calculate the implied interest rate series according to this Taylor rule.
The average of the "HICP + HP var var" implied interest rate series was a mere 5 basis points lower than the average of the MUICP series.
69613 1 Sum of correlations Correlations among Levels of Various Price Indices MUICP ex HICP HICP HICP + HP MUICP UF & E var exp var var var exp MUICP 1 MUICP ex UF & E .