- Statistics illustrated
The HICP measures the changes over time in the prices of consumer goods and services acquired by households.
The HICP gives a comparable measure of inflation in the euro area, the EU, the European Economic Area and for other countries including accession and candidate countries. It is calculated according to a harmonised approach and a single set of definitions.
The HICP provides the official measure of consumer price inflation in the euro area for the purpose of monetary policy and for the assessment of inflation convergence as required under the Maastricht criteria.
HICP data are published twice a month. A flash estimate for the euro area is published at the end of the month followed by the full series of indices for Member States and at European level, including HICP at constant taxes, approximately two weeks later (see release schedule).
Beginning with the HICP news release of 23 February 2018, a new dataset 'Contributions to the euro area annual inflation rate (prc_hicp_ctrb)' is available in Eurostat's database (see here for more details).