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Harmonized Index Of Consumer Prices (HICP)

What is 'Harmonized Index Of Consumer Prices - HICP'

A list of the final costs paid by European consumers for the items in a basket of common goods. The Harmonized Index of Consumer Prices (HICP) is produced by each European Union member state to help measure inflation and to guide the European Central Bank in formulating monetary policy. The HICP is also used as the basis of the European Index of Consumer Prices, which is weighted toward household expenditures.

Explaining 'Harmonized Index Of Consumer Prices - HICP'

The prices measured by the HICP come from the prices of representative goods from urban and rural pricing patterns. The index tracks the prices of goods such as coffee, tobacco, meat, fruit, household appliances, cars, pharmaceuticals, electricity, clothing and many other widely used products. Owner-occupied housing costs are excluded from the HICP.


Further Reading


Exchange rate pass-through to consumer prices: A European perspective
papers.ssrn.com [PDF]
… for the calculation of a European pass-through effect, data for harmonized consumer price indices are unfortunately … term time series for cointegration analysis we decided to use the national price indices. We use consumer prices rather than an index of core inflation since this is …

Exchange rate pass-through to consumer prices: a European perspectiveExchange rate pass-through to consumer prices: a European perspective
www.econstor.eu [PDF]
… for the calculation of a European pass-through effect, data for harmonized consumer price indices are unfortunately … term time series for cointegration analysis we decided to use the national price indices. We use consumer prices rather than an index of core inflation since this is …

Inflation Bias after the Euro: Evidence from the UK and ItalyInflation Bias after the Euro: Evidence from the UK and Italy
www.tandfonline.com [PDF]
… for the calculation of a European pass-through effect, data for harmonized consumer price indices are unfortunately … term time series for cointegration analysis we decided to use the national price indices. We use consumer prices rather than an index of core inflation since this is …

Short-term inflation projections: A Bayesian vector autoregressive approachShort-term inflation projections: A Bayesian vector autoregressive approach
www.sciencedirect.com [PDF]
… for the calculation of a European pass-through effect, data for harmonized consumer price indices are unfortunately … term time series for cointegration analysis we decided to use the national price indices. We use consumer prices rather than an index of core inflation since this is …

ASPECTS REGARDING THE INFLUENCE OF INFLATION ON ECONOMIC GROWTH IN EUASPECTS REGARDING THE INFLUENCE OF INFLATION ON ECONOMIC GROWTH IN EU
www.ecoforumjournal.ro [PDF]
… for the calculation of a European pass-through effect, data for harmonized consumer price indices are unfortunately … term time series for cointegration analysis we decided to use the national price indices. We use consumer prices rather than an index of core inflation since this is …

The effects of electricity price changes on prices of other goods and services–evidence from TurkeyThe effects of electricity price changes on prices of other goods and services–evidence from Turkey
www.tandfonline.com [PDF]
… for the calculation of a European pass-through effect, data for harmonized consumer price indices are unfortunately … term time series for cointegration analysis we decided to use the national price indices. We use consumer prices rather than an index of core inflation since this is …

The effects of real exchange rates and income on international tourism demand for the USA from some European Union countriesThe effects of real exchange rates and income on international tourism demand for the USA from some European Union countries
www.mdpi.com [PDF]
… for the calculation of a European pass-through effect, data for harmonized consumer price indices are unfortunately … term time series for cointegration analysis we decided to use the national price indices. We use consumer prices rather than an index of core inflation since this is …



Q&A About Harmonized Index Of Consumer Prices (HICP)


What is the HICP?

The Harmonized Index of Consumer Prices (HICP) is a list of final costs paid by European consumers for the items in a basket of common goods.

What products are included in the index?

Coffee, tobacco, meat, fruit, household appliances, cars, pharmaceuticals, electricity, clothing and many other widely used products.

Are owner-occupied housing costs included in this index?

No they are not included.

How are prices measured?

The prices measured by the HICP come from representative goods from urban and rural pricing patterns.

Where does the HICP come from?

Each European Union member state produces the HICP to help measure inflation and to guide the European Central Bank in formulating monetary policy.

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