Harmonised Indices of Consumer Prices (HICP) - Financial definition
Concise definition of the term Harmonised Indices of Consumer Prices
The Harmonised Indices of Consumer Prices are a series of consumer price indices for the eurozone, the [ACR0010710S]EU[ACR0010710E] and the [ACR0010478S]EEA[ACR0010478E] which are compiled using a harmonised approach and a single set of definitions.
Comprehensive definition of the term Harmonised Indices of Consumer Prices
The HICP provide an official measure for the [ACR0010416S]ECB[ACR0010416E] as inflation indictors for the eurozone and thus a basis for its monetary policy.