Marrocos

The baseline forecast is for global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the historical (2000–19) average of 3.8 percent. Advanced economies are expected to slow from 2.6 percent in 2022 to 1.5 percent in 2023 and 1.4 percent in 2024 as policy tightening starts to bite. Emerging market and developing economies are projected to have a modest decline in growth from 4.1 percent in 2022 to 4.0 percent in both 2023 and 2024. Global inflation is forecast to decline steadily, from 8.7 percent in 2022 to 6.9 percent in 2023 and 5.8 percent in 2024, due to tighter monetary policy aided by lower international commodity prices. Core inflation is generally projected to decline more gradually, and inflation is not expected to return to target until 2025 in most cases.

Data cited at: Arab Monetary Fund (AMF) Note: For Growth rate at constant prices 2021 & 2022 are Estimates          For Inflation rate  2021 & 2022 is expected Source: Arab Monetary Fund estimates and expectations based on national, regional and international sources.

Data cited at: Consumer price indexes, The International Monetary Fund Consumer price indexes (CPIs) are index numbers that measure changes in the prices of goods and services purchased or otherwise acquired by households, which households use directly, or indirectly, to satisfy their own needs and wants. In practice, most CPIs are calculated as weighted averages of the percentage price changes for a specified set, or ‘‘basket’’, of consumer products, the weights reflecting their relative importance in household consumption in some period. CPIs are widely used to index pensions and social security benefits. CPIs are also used to index other payments, such as interest payments or rents, or the prices of bonds. CPIs are also commonly used as a proxy for the general rate of inflation, even though they measure only consumer inflation. They are used by some governments or central banks to set inflation targets for purposes of monetary policy. The price data collected for CPI purposes can also be used to compile other indices, such as the price indices used to deflate household consumption expenditures in national accounts, or the purchasing power parities used to compare real levels of consumption in different countries.

The industrial domestic output price index measures the average price development of all goods and related services resulting from the activity of the industry sector and sold on the domestic market. The domestic output price index shows the monthly development of transaction prices of economic activities. The domestic market is defined as customers resident in the same national territory as the observation unit. Data are compiled according to the Statistical classification of economic activities in the European Community, (NACE Rev. 2, Eurostat). Industrial producer prices are compiled as a "fixed base year Laspeyres type price-index". The current base year is 2015 (Index 2015 =100). Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are presented in raw form.

The Food Price Monitoring Tool intends to analyse the available data on price developments through the supply chain. The supply chain is a series of economic activities that are performed by different economic actors that contribute to the production and distribution of one consumer product or a group of consumer products. The Food Price Monitoring Tool monitors 15 supply chains. It compares the price indices of four stages of the supply chain:Retail sector: the harmonised index of consumer prices (HICP)Domestic food industry: the domestic producer price index (PPId)Imported products: the import price index based on unit values from international trade in goods statisticsAgricultural commodities: the agricultural commodity prices index (ACP)

 

Consumer price indices (CPIs) measure inflation as price changes of a representative basket of goods and services typically purchased by households. The G20 CPI aggregate reflects national CPIs for all G20 countries (with the exception of Turkey) that are not part of the European Union (EU) while it reflects the Harmonised Indices of Consumer Prices (HICP) for the EU, its Member States and for Turkey. It is an annual chain-linked Laspeyres-type index. The weights for each country in each link are based on the previous year’s relative share of individual final consumption expenditure of households and non-profit institutions serving households expressed in Purchasing Power Parities (PPPs). The table presents the data for all non-EU countries. The HICP tables for France, Germany, Italy, the United Kingdom, and the euro area and European Union can be found under the HICP tables.

Implicit deflators are calculated by dividing an aggregate measured in current prices by the same aggregate measured in constant prices. Implicit deflators are named after the aggregate used (Gross Domestic Product in this case). The deflator is calculated from seasonally and calendar adjusted GDP values and rescaled so that 2010 = 100. The ESA 2010 (European System of Accounts) regulation may be referred to for more specific explanations on methodology.

Harmonised Indices of Consumer Prices (HICP) give comparable measures of inflation for the countries and country groups for which they are produced. They are economic indicators that measure the change over time of the prices of consumer goods and services acquired by households. In other words, they are a set of consumer price indices (CPI) calculated according to a harmonised approach and a single set of definitions. In particular, HICP provide the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. HICP are available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the Monetary Union Index of Consumer Prices (MUICP or EA) covering the euro area countries, the European index of consumer prices (EICP or EU) including all Member States, and the European Economic Area index of consumer prices (EEAICP), which in addition to the EU also covers Iceland and Norway. The official country-group aggregates reflect the evolution of Economic and monetary union (EA), the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. In addition to these official aggregates, Eurostat also computes, for analytical purposes, country aggregates with stable composition over time. For example, the aggregate 'EU-28' shows price indices covering all current 28 Member States since 1997. HICP for Turkey (candidate country) is also published. For the USA, a proxy-HICP for the all-items and main headings is available. The national HICP is produced by National Statistical Institutes, while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database includes price indices and rates (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around one hundred sub-indices for different goods and services and over thirty special aggregates are made available. The relative weights for the indices, including the special aggregates, are published for the individual countries and for the country groups, once a year, with the January data. An early estimate of the overall inflation rate for the euro area, as well as for selected components, are published monthly, usually on the last working day of the reference month, both as a News Release and in the database. They are called 'HICP flash estimates'. HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes (e.g. VAT and excise duties) on the overall inflation (more information).

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which they are produced. They are economic indicators that measure the change over time of the prices of consumer goods and services acquired by households. In other words, they are a set of consumer price indices (CPI) calculated according to a harmonised approach and a single set of definitions. In particular, the HICP provide the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP are available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which in addition to the EU also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the evolution of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. In addition to these official aggregates, Eurostat also computes, for analytical purposes, country aggregates with stable composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. For the USA, a proxy-HICP for the all-items and main headings is available. The national HICP is produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around one hundred sub-indices for different goods and services and over thirty special aggregates are made available. Once a year, with the release of the January data, the relative weights for the indices, including the special aggregates, are published for the individual countries and for the country groups. Early estimates of the overall inflation rate for the euro area, as well as of selected components, are published monthly, usually on the last working day of the reference month, in a News Release, in the database and in a Statistics Explained article. They are called 'HICP flash estimates'. HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes (e.g. VAT and excise duties) on the overall inflation (more information).

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) give comparable measures of inflation for the countries and country groups for which they are produced. They are economic indicators that measure the change over time of the prices of consumer goods and services acquired by households. In other words, they are a set of consumer price indices (CPI) calculated according to a harmonised approach and a single set of definitions. In particular, HICP provide the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. HICP are available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the Monetary Union Index of Consumer Prices (MUICP or EA) covering the euro area countries, the European index of consumer prices (EICP or EU) including all Member States, and the European Economic Area index of consumer prices (EEAICP), which in addition to the EU also covers Iceland and Norway. The official country-group aggregates reflect the evolution of Economic and monetary union (EA), the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. In addition to these official aggregates, Eurostat also computes, for analytical purposes, country aggregates with stable composition over time. For example, the aggregate 'EU-28' shows price indices covering all current 28 Member States since 1997. HICP for Turkey (candidate country) is also published. For the USA, a proxy-HICP for the all-items and main headings is available. The national HICP is produced by National Statistical Institutes, while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database includes price indices and rates (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around one hundred sub-indices for different goods and services and over thirty special aggregates are made available. The relative weights for the indices, including the special aggregates, are published for the individual countries and for the country groups, once a year, with the January data. An early estimate of the overall inflation rate for the euro area, as well as for selected components, are published monthly, usually on the last working day of the reference month, both as a News Release and in the database. They are called 'HICP flash estimates'. HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes (e.g. VAT and excise duties) on the overall inflation (more information).

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICPs) give comparable measures of inflation for the countries and country groups for which they are produced. They are economic indicators that measure the change over time of the prices of consumer goods and services acquired by households. In other words, they are a set of consumer price indices (CPIs) calculated according to a harmonised approach and a single set of definitions. In particular, HICPs provide the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. HICPs are available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the Monetary Union Index of Consumer Prices (MUICP or EA) covering the euro area countries, the European index of consumer prices (EICP or EU) including all Member States, and the European Economic Area index of consumer prices (EEAICP), which in addition to the EU also covers Iceland and Norway. The official country-group aggregates reflect the evolution of Economic and monetary union, the EU and the EEA. HICPs for new Member States are chained into the aggregate indices at the time of accession. In addition to these official aggregates, Eurostat computes also country aggregates with stable composition over time. For example, the aggregate 'EU-28' shows price indices covering all current 28 Member States since 1997. There are also interim HICPs for candidate country Turkey. It is expected that once it accedes to the EU its HICPs will be fully comparable with those of the existing Member States. For the USA, only the all-items proxy-HICP is available. The national HICPs are produced by National Statistical Institutes, while the country-group aggregates are produced by Eurostat. The data that is released monthly on Eurostat's free dissemination database include price indices themselves as well as their rates of change as monthly, annual and 12-month moving average changes. In addition to the headline figure, the all-items HICP, around one hundred sub-indices for different goods and services and over thirty special aggregates are made available. The relative weights for the indices, including the special aggregates, are published for the individual countries and for the country groups. An early estimate of the overall inflation rate for the euro area, as well as estimates for its four main components, are published in a news release monthly, usually on the last working day of the reference month. They are called HICP flash estimates.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICPs) are designed for international comparisons of consumer price inflation. HICP is used for example by the European Central Bank for monitoring of inflation in the Economic and Monetary Union and for the assessment of inflation convergence as required under Article 121 of the Treaty of Amsterdam. For the U.S. and Japan national consumer price indices are used in the table.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

Harmonised Indices of Consumer Prices (HICP) are designed for international comparisons of consumer price inflation. HICPs are used for the assessment of the inflation convergence criterion as required under Article 121 of the Treaty of Amsterdam and by the ECB for assessing price stability for monetary policy purposes. The ECB defines price stability on the basis of the annual rate of change of the euro area HICP. HICPs are compiled on the basis of harmonised standards, binding for all Member States. Conceptually, the HICP are Laspeyres-type price indices and are computed as annual chain-indices allowing for weights changing each year. The common classification for Harmonized Indices of Consumer Prices is the COICOP (Classification Of Individual COnsumption by Purpose). A version of this classification (COICOP/HICP) has been specially adapted for the HICP. Sub-indices published by Eurostat are based on this classification. HICP are produced and published using a common index reference period (2015 = 100). Growth rates are calculated from published index levels. Indexes, as well as both growth rates with respect to the previous month (M/M-1) and with respect to the corresponding month of the previous year (M/M-12) are neither calendar nor seasonally adjusted.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes. The p, e, d and u flags described here do not affect the higher level of aggregation when assigned to a figure.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes. The p, e, d and u flags described here do not affect the higher level of aggregation when assigned to a figure.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPI) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and recommendations. In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro. The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three key country-group aggregate indices: the euro area, the European Union (EU), and the European Economic Area (EEA), which, in addition to the EU, also covers Iceland and Norway, but not Liechtenstein. The official country-group aggregates reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group aggregates with stable country composition over time. For example, the EU28 aggregate shows price indices covering all current 28 Member States since 1997. The HICP for Serbia and Turkey (candidate countries) are also published. That data are flagged 'd' ('definition differs'). A proxy-HICP for the all-items and main aggregates is available for the USA. National HICPs are produced by National Statistical Institutes (NSIs), while the country-group aggregates are produced by Eurostat. The data released monthly on Eurostat's free dissemination database include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline figure 'all-items HICP', around four hundred sub-indices for different goods and services and over thirty special aggregates are available, including the HICP at administered prices (HICP-AP). Once a year, with the release of the January data, the relative weights for the indices and the special aggregates, are published for the individual countries and for the European aggregates. The composition of the HICP-AP aggregates, i.e. which sub-indices are classified as mainly or fully administered by each Member State, is also updated at the same time. Eurostat publishes early estimates, called 'HICP flash estimates', of the euro area overall inflation rate and selected components. They are published monthly, usually on the last working day of the reference month, and disseminated in a news release, in the database and in a Statistics Explained article. The HICP at constant tax rates (HICP-CT) follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as VAT and excise duties, on the overall inflation (more information). Flags Flags provide information about the 'status' of the data or a specific data value. The following flags are used for the HICP data in the Eurostat online database: p = provisional data: Data is flagged as provisional by the National Statistical Institutes to signal that data are still being treated or validated. The 'p' flag remains attached to the HICP data values in question for one month only. r = revised data. In the case when the most recent figures published differ from previously disseminated data, they are flagged with 'r'. Countries are allowed to revise their HICP figures at any point and, therefore, revised figures may appear in historic data. The 'r' flag remains attached to the HICP data values in question for one month only. e = estimated data. All the figures of the HICP flash estimate are marked with the 'e' flag. d = definition differs, meaning that the national definition of a series differs from the ECOICOP (European Classification of Individual Consumption according to Purpose) definition. It is also used for data values from countries for which conformity with the requirements of the HICP methodology has not yet been evaluated by Eurostat, including candidate countries, pre-candidate countries, new EU Member States and the United States of America. u = unreliable data. Data is flagged as unreliable by the National Statistical Institutes. The p, e, d and u flags described here do not affect the higher level of aggregation when assigned to a figure.

The House Price Index (HPI) measures inflation in the residential property market. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. These indices are the result of the work that National Statistical Institutes (NSIs) have been doing mostly within the framework of the Owner-Occupied Housing (OOH) pilot project coordinated by Eurostat. HPI is available for EU Member States, Iceland and Norway. In addition to the individual country series Eurostat produces indices for the euro area and for the EU. The national HPIs are produced by NSIs, while the European aggregates are computed by Eurostat, by aggregating the national indices. The data released quarterly on Eurostat's website include price indices themselves as well as their rates of change compared to the same quarter of the previous year. House Sales cover the total value of dwellings transactions at national level (both houses and flats) where the purchaser is a household. House Sales indicators complement the data on the HPI in order to offer a more comprehensive picture of the housing market. At this moment Eurostat is publishing the annual index for the value of housing transactions and the annual rate of change.

The weights are meant to reflect the relative importance of the goods and services as measured by their shares in the total consumption of households. Data are disaggregated by the Classification of Individual Consumption According to Purpose (COICOP). For more information, refer to the Competitiveness Indicators (COMP) database description.

With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. This indicator shows the percentage change of the CPI between two consecutive periods. Data are disaggregated by the Classification of Individual Consumption According to Purpose (COICOP). For more information, refer to the Labour Force Statistics (LFS and STLFS) database description.

This indicator shows the percentage change of the CPI between a period and the same period of the previous year. Data are disaggregated by the Classification of Individual Consumption According to Purpose (COICOP). For more information, refer to the Competitiveness Indicators (COMP) database description.

Short-term statistics (STS) give information on a wide range of economic activities according to NACE Rev.2 classification (Statistical Classification of Economic Activities in the European Community). The industrial import price indices offer information according to the CPA classification (Statistical Classification of Products by Activity in the European Economic Community). Construction indices are broken down by Classification of Types of Constructions (CC). All data under this heading are index data. Percentage changes are also available for each indicator. The index data are generally presented in the following forms: UnadjustedCalendar adjustedSeasonally adjusted Depending on the STS regulation data are accessible as monthly, quarterly and annual data. This heading covers the indicators listed below in four different sectors. Based on the national data, Eurostat compiles EU and euro area infra-annual economic statistics. Among these, a list of indicators, called Principal European Economic Indicators (PEEIs) has been identified by key users as being of prime importance for the conduct of monetary and economic policy of the euro area. These indicators are mainly released through Eurostat's website under the heading Euro-indicators. There are eight PEEIs contributed by STS and they are marked with * in the text below. INDUSTRYProduction (volume)*Turnover: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic turnover into euro area and non euro area is available for the euro area countriesProducer prices (output prices)*: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic producer prices into euro area and non euro area is available for the euro area countriesImport prices*: Total, Euro area market, Non euro area market (euro area countries only)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salariesCONSTRUCTIONProduction (volume)*: Total of the construction sector, Building construction, Civil EngineeringBuilding permits indicators*: Number of dwellings, Square meters of useful floor (or alternative size measure)Construction costs or prices: Construction costs, Material costs, Labour costs (if not available, they may be approximated by the Producer (output) prices variable)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salariesWHOLESALE AND RETAIL TRADEVolume of sales (deflated turnover)*Turnover (value)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salariesSERVICESTurnover (in value)*Labour input indicators: Number of persons employed, Hours worked, Gross wages and salariesProducer prices (Output prices )* National reference metadata of the reporting countries can be found in the Annexes of this metadata file.

Short-term statistics (STS) give information on a wide range of economic activities according to NACE Rev.2 classification (Statistical Classification of Economic Activities in the European Community). The industrial import price indices offer information according to the CPA classification (Statistical Classification of Products by Activity in the European Economic Community). Construction indices are broken down by Classification of Types of Construction (CC). All data under this heading are index data. Percentage changes are also available for each indicator. The index data are generally presented in the following forms:UnadjustedCalendar adjustedSeasonally adjusted Depending on the STS regulation data are accessible as monthly, quarterly and annual data. This heading covers the indicators listed below in four different sectors. Based on the national data, Eurostat compiles EU and euro area infra-annual economic statistics. Among these, a list of indicators, called Principal European Economic Indicators (PEEIs) has been identified by key users as being of prime importance for the conduct of monetary and economic policy of the euro area. These indicators are mainly released through Eurostat's website under the heading Euro-indicators. There are eight PEEIs contributed by STS and they are marked with * in the text below. INDUSTRYProduction (volume)*Turnover: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic turnover into euro area and non euro area is available for the euro area countriesProducer prices (output prices)*: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic producer prices into euro area and non euro area is available for the euro area countriesImport prices*: Total, Euro area market, Non euro area market (euro area countries only)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries CONSTRUCTIONProduction (volume)*: Total of the construction sector, Building construction, Civil EngineeringBuilding permits indicators*: Number of dwellings, Square meters of useful floor (or alternative size measure)Construction costs or prices: Construction costs, Material costs, Labour costs (if not available, they may be approximated by the Output prices variable)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries WHOLESALE AND RETAIL TRADEVolume of sales (deflated turnover)*Turnover (value)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries SERVICESTurnover (in value)*Labour input indicators: Number of persons employed, Hours worked, Gross wages and salariesProducer prices (Output prices )* National reference metadata of the reporting countries can be found in the Annexes of this metadata file.

Short-term statistics (STS) give information on a wide range of economic activities according to NACE Rev.2 classification (Statistical Classification of Economic Activities in the European Community). The industrial import price indices offer information according to the CPA classification (Statistical Classification of Products by Activity in the European Economic Community). Construction indices are broken down by Classification of Types of Construction (CC). All data under this heading are index data. Percentage changes are also available for each indicator. The index data are generally presented in the following forms:UnadjustedCalendar adjustedSeasonally adjusted Depending on the STS regulation data are accessible as monthly, quarterly and annual data. This heading covers the indicators listed below in four different sectors. Based on the national data, Eurostat compiles EU and euro area infra-annual economic statistics. Among these, a list of indicators, called Principal European Economic Indicators (PEEIs) has been identified by key users as being of prime importance for the conduct of monetary and economic policy of the euro area. These indicators are mainly released through Eurostat's website under the heading Euro-indicators. There are eight PEEIs contributed by STS and they are marked with * in the text below. INDUSTRYProduction (volume)*Turnover: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic turnover into euro area and non euro area is available for the euro area countriesProducer prices (output prices)*: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic producer prices into euro area and non euro area is available for the euro area countriesImport prices*: Total, Euro area market, Non euro area market (euro area countries only)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries CONSTRUCTIONProduction (volume)*: Total of the construction sector, Building construction, Civil EngineeringBuilding permits indicators*: Number of dwellings, Square meters of useful floor (or alternative size measure)Construction costs or prices: Construction costs, Material costs, Labour costs (if not available, they may be approximated by the Output prices variable)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries WHOLESALE AND RETAIL TRADEVolume of sales (deflated turnover)*Turnover (value)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries SERVICESTurnover (in value)*Labour input indicators: Number of persons employed, Hours worked, Gross wages and salariesProducer prices (Output prices )* National reference metadata of the reporting countries can be found in the Annexes of this metadata file.

Industry, Trade and Services statistics are part of Short-term statistics (STS), they give information on a wide range of economic activities according to NACE Rev.2 classification (Statistical Classification of Economic Activities in the European Community). The industrial import price indices offer information according to the CPA classification (Statistical Classification of Products by Activity in the European Economic Community). Construction indices are broken down by Classification of Types of Construction (CC). All data under this heading are index data. Percentage changes are also available for each indicator. The index data are presented in the following forms: UnadjustedCalendar adjustedSeasonally-adjusted Depending on the STS regulation, data are accessible monthly and quarterly. This heading covers the indicators listed below in four different sectors. Based on the national data, Eurostat compiles EU and euro area infra-annual economic statistics. Among these, a list of indicators, called Principal European Economic Indicators (PEEIs) has been identified by key users as being of prime importance for the conduct of monetary and economic policy of the euro area. These indicators are mainly released through Eurostat's website under the heading Euro-indicators. There are eight PEEIs contributed by STS and they are marked with * in the text below. INDUSTRYProduction (volume)*Turnover: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic turnover into euro area and non euro area is available for the euro area countriesProducer prices (output prices)*: Total, Domestic market and Non-domestic market==> A further breakdown of the non-domestic producer prices into euro area and non euro area is available for the euro area countriesImport prices*: Total, Euro area market, Non euro area market (euro area countries only)Labour input indicators: Number of persons employed, Hours worked, Gross wages and salaries CONSTRUCTIONProduction (volume)*: Total of the construction sector, Building construction, Civil EngineeringLabour input indicators: Number of Persons Employed, Hours Worked, Gross Wages and SalariesConstruction costs IndexBuilding permits indicators*: Number of dwellings WHOLESALE AND RETAIL TRADEVolume of sales (deflated turnover)*Turnover (in value)Labour input indicators: Number of Persons Employed SERVICES Turnover (in value)*Producer prices (Ouput prices)*