Harmonized Index of Consumer Prices

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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The harmonized index of consumer prices in May 2019 compared to April 2019 was 100.2%, i.e.
Using the Harmonized Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany also rose by 0.7 percent year-on-year in May, still way under the ECB's annual inflation target of just below two percent.
6 June 2014 - During April annual inflation as measured by the Harmonized Index of Consumer Prices increased in 13 of the 16 economies compared according to New York-based business membership and research association The Conference Board.
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 (2.6%) and on alcoholic beverages and tobacco (2.5%).
A new table, to be updated monthly, uses the methods of the European Union's Harmonized Index of Consumer Prices (HICP) to compare inflation rates of all G7 countries except Canada.
Statistics Norway, the Norwegian state statistics agency, said on Wednesday (10 August) that the harmonized index of consumer prices (HICP) had decreased by 0.3% from June to July 2005.
The Harmonized Index of Consumer Prices (HICP) has reached an advanced level of harmonization and quality.
Cyprus inflation for January 2014, as measured by the Harmonized Index of Consumer Prices (HICP) decreased at a rate of 1,6% according to data released today by the Statistical Service.
Inflation as measured by the Harmonized Index of Consumer Prices was positive in all economies in october compared to where prices remained stable compared to a year ago.
Statistics Norway, the Norwegian state statistics agency, said on Monday (11 July) that the harmonized index of consumer prices (HICP) had increased by 0.2% from May to June 2005.
The harmonized index of consumer prices in October 2017 compared to September 2017 was 100.1%, i.e.
The rate inflation for January decreased at a rate of -1,6%, as measured by the Harmonized Index of Consumer Prices (HICP), on the back of a -1,3% rate for December 2013, while the year-earlier rate for January 2013 had increased at 2,0%.

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