Question Details

	Username: LuckyMan Rating: Asked to: Heng Kim Date Created: 30 Apr 2015
Category	46
Tag	192
Question	<p>What is the definition of Harmonized CPI?</p>

Advice from Guru

Hi Lucky Man,

A list of the final costs paid by European consumers for the items in a basket of common goods. The Harmonized Index of Consumer Prices (HICP) is produced by each European Union member state to help measure inflation and to guide the European Central Bank in formulating monetary policy. The HICP is also used as the basis of the European Index of Consumer Prices, which is weighted toward household expenditures.

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