Harmonized consumer price index and changes by commodity groups (ECOICOP)
Harmonised Index of Consumer Prices (HICP)
The HICP reflects changes in the prices of consumer goods and services in a specified period of time. The HICP measures changes of the average level of prices of goods and services that households consume (the fixed consumer basket). The HICP is used for comparing changes in consumer price levels in the EU Member States and for measuring the stability of prices in the euro area.
The HICP reference period is the year 2015, expressed by 100 index points (2015 = 100).
The HICP is pure price index. It does not reflect the changes in consumption patterns, brands, and does not reflect the effect of outlet and service provider substitution.