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HICP

Statistics Directorate    
Definition:
The Harmonised Index of Consumer Prices (HICP) is the measure of prices used by the Governing Council for the purpose of assessing price stability.

The HICP was developed by the European Commission (Eurostat) in close liaison with the national statistical institutes and the European Monetary Institute (EMI), and later the European Central Bank (ECB), in order to fulfil the Treaty requirement for a consumer price index constructed on a comparable basis, taking into account differences in national definitions.

Source Publication:
European Central Bank Annual Report, 2012, Glossary.

Hyperlink:
http://www.ecb.europa.eu/pub/annual/html/index.en.html

Statistical Theme: Prices and purchasing power partities

Created on Tuesday, September 25, 2001

Last updated on Monday, June 10, 2013