HICP

E406749

HICP (Harmonised Index of Consumer Prices) is a standardized measure of consumer price inflation used across European Union countries to enable consistent comparison of inflation rates.

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All labels observed (3)

Statements (48)

Predicate Object
instanceOf economic indicator
inflation measure
price index
abbreviation HICP self-linksurface differs
appliesTo household final monetary consumption expenditure
baseConcept Laspeyres-type index
classificationSystem COICOP
component HICP self-linksurface differs
surface form: HICP all-items index

HICP self-linksurface differs
surface form: HICP by COICOP consumption categories

HICP excluding energy
HICP excluding energy and unprocessed food
coordinatedBy Eurostat
covers goods
services
currencyReference euro area context
dataFormat annual inflation rates
index numbers
monthly inflation rates
distinguishedFrom national consumer price indices
frequency monthly
fullName Consumer Price Index
surface form: Harmonised Index of Consumer Prices
geographicalScope European Economic Area
surface form: European Economic Area countries

European Union member states
euro area aggregate
introducedBy European Union
legalFramework EU regulations on HICP
measures consumer price inflation
methodology harmonised across EU member states
publisher Eurostat
purpose ensure comparability of inflation rates across countries
provide common measure of consumer price inflation
qualityRequirement comparability across countries
reliability
timeliness
referencePopulation households
startPeriod mid-1990s
subjectArea macroeconomics
price statistics
usedAs primary inflation measure for ECB price stability assessment
usedBy European Central Bank
European Commission
national statistical offices in EU member states
usedFor cross-country inflation comparison
economic surveillance
monetary policy analysis
usedIn European Union
convergence criteria assessment for euro adoption
euro area

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

CPIF relatedTo HICP
HICP abbreviation HICP self-linksurface differs
subject surface form: Harmonised Index of Consumer Prices
HICP component HICP self-linksurface differs
subject surface form: Harmonised Index of Consumer Prices
this entity surface form: HICP all-items index
HICP component HICP self-linksurface differs
subject surface form: Harmonised Index of Consumer Prices
this entity surface form: HICP by COICOP consumption categories