This research uses monthly series of annual and monthly HICP
Price indices for basic HICP
aggregates are made using one of two formulas included in section 1 of attachment II of the above Regulation or using a comparable formula which leads to the index not differing regularly by more than a tenth of percentage point compared to previous year from the index calculated on the basis of one of two formulas (Wynne, 2002, p.
the long-term forecast of Lithuanian HICP
calculated by individual items with 12 divisions.
Table 2: Inflation rate in non-euro NMS, with and without food and energy Estonia HICP HICP
-food/energyl Latvia HICP HICP
-food/energy Lithuania HICP HICP
-food/energy Poland HICP HICP
-food/energy Hungary HICP HICP
-food/energy Czech Rep HICP HICP-food/energy Slovakia HICP HICP-food/energy 2002 2003 2004 2005 2006 2007 Estonia 3.
This is of particular concern in the euro area as the ECB has a numerical target for the HICP
The Bureau recently published an experimental HICP
series for the United States.
Governor Mervyn King has already indicated that the switch was unlikely to have an impact on interest rates, particularly as forecasts of slower house price growth should cause the difference between RPIX and HICP
That is because the HICP
measure consistently runs well below the RIPX rate.
The non-inclusion of mortgage interest, which fell by 14 per cent in the year, is the key reason for the higher HICP
Pensions rises are currently linked to the RPI but under the plans will be linked to the HICP
In his Budget, the Chancellor talked of using the HICP
as a replacement for the RPI.
Unless the Government wishes to change the overall monetary stance, a central target needs to be set for the HICP
measure of inflation that would be consistent with the current inflation target of 2.