Abstract
Harmonized Indices of Consumer prices (HICP) are constructed in each member state of the European Union for the purpose of international comparisons of consumer price inflation. HICP’s are published by Eurostat – The European Commission’s statistical arm – and have been published monthly since March 1997. They provide cross-country comparisons of inflation on a comparable or harmonized basis. Before the introduction of the HICP, comparison of inflation rates across the European Union countries was not possible, due to the different ways countries computed consumer price indices. Also, the basket of goods covered by each country was different.
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Aljandali, A. (2017). Current and Constant Prices. In: Multivariate Methods and Forecasting with IBM® SPSS® Statistics. Statistics and Econometrics for Finance. Springer, Cham. https://doi.org/10.1007/978-3-319-56481-4_11
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DOI: https://doi.org/10.1007/978-3-319-56481-4_11
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