The
harmonised index of consumer prices was rounded down from a previous estimate of 2.4 per cent.
The
Harmonised Index of Consumer Prices, which is due to be adopted by the Bank of England for its new inflation target next month, remained unchanged at 1.4% in October against the previous month.
Giving evidence to the European Parliament's economic and monetary affairs committee, Europe's central banker said the Bank of England's present 2.5 per cent target measured by the retail price index, but not counting mortgage interest,would translate to about two per cent using the European
harmonised index of consumer prices.
Germany's EU
harmonised index of consumer prices rose 1.5% year-on-year, faster than the provisional 1.3% reported and the monthly reading was also higher than initially reported, at 0.3% versus 0.1%.
The
Harmonised Index of Consumer Prices (HICP) in August declined by 0.6% year on year continuing deflationary pressures that began in December 2014, according to the Statistical Service, Cystat.
Using the EUs
Harmonised Index of Consumer Prices or HICP, which is the European Central Banks inflation yardstick, the cost of living in Germany rose by 2.8 percent on a 12-month basis in October.
In June, the
harmonised index of consumer prices (HICP) went down 0.4% in monthly terms, mainly pulled down by lower prices of electricity and clothes.
The
harmonised index of consumer prices (HICP) for Austria stood at 109.63 points in May and the harmonised annualised inflation rate was 1.7%, after 1.8% in April and March.
The EU
Harmonised Index of Consumer Prices, which is used as an EU-wide comparative measure, increased by 0.5 per cent in the month.
The Memorandum of Understanding confirms the prime responsibility of the Statistical Office of the European Communities (Eurostat) for general economic statistics comprising, inter alia, the
harmonised index of consumer prices, data on output, production, labour markets, external trade and statistics related to the excessive deficit procedure, and the prime responsibility of the ECB for money, banking and financial markets statistics, comprising among other things balance sheets of financial institutions, interest rates, prices of financial assets and securities statistics.