Harmonised Index of Consumer Prices (HICP)
The harmonised index of consumer prices (HICP) is an indicator constructed to compare the inflation rates of European Union Member States. The indicator is calculated using a common methodology across all Member States. HICP data are also used by the European Central Bank to conduct its monetary policy. Moreover, HICPs are used to monitor compliance with the inflation criterion of the Treaty on the European Union.
HICPs are calculated by Member States of the European Union, of the European Economic Area and candidate countries. Eurostat calculates the HICP for the euro area (as well as for the European Union as a whole) using the harmonised index of Member States.
In addition to these HICP data, the HICP at constant tax rates is also available on the page containing the index and inflation rates for the last two years. The HICP at constant tax rates follows the same methodology as the HICP, but is based on prices at constant tax rates. This indicator shows the potential impact of changes in indirect taxes (e.g. VAT and excise duties) on inflation.
It has to be emphasised that the HICP-CT only provides a potential indication as it is based on an instantaneous pass-through of tax rate changes on the price paid by the consumer.
The harmonised index of consumer prices (HICP) annual inflation rate stands at 3.3% in February, compared to 3.1% in January.
Eurostat will publish the harmonised index of consumer prices for February for the euro area on the 16th of March 2017.
- Harmonised index of consumer prices by group of products and services, last 12 months
- Inflation calculated based on harmonised index of consumer prices by group of products and services, last 12 months
- Harmonised index of consumer prices by specified aggregates, last 12 months
- Inflation measured through harmonised index of consumer prices by specified aggregates, last 12 months
- Weighting of products and services for the harmonised index of consumer prices, last 10 years
- Harmonized Indices of Consumer Prices (HICP) introduction
- Harmonized Indices of Consumer Prices (HICP) release calendar
- The evolution of the general index and the main sub-indices of the Belgian HICP (Dec 2005 - February 2017)