Harmonised Index of Consumer Prices (HICP)

What is Harmonised Index of Consumer Prices (HICP)?

Harmonised Index of Consumer Prices (HICP) definition and meaning on Finance terms:
The index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonised across all EU Member States. The HICP is the measure of prices used by the Governing Council to define and assess price stability in the euro area as a whole in quantitative terms. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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