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The 'Harmonised Index of Consumer Prices – Administered Prices' (HICP-AP) are analytical indices that provide a summary of the development of product prices that are directly set or influenced to a significant extent by the government.
The HICP-AP is used as a tool for analysing the causes of inflation and for forecasting inflation. It should be emphasised that these indices provide only an approximate measure of the government influence to the price developments as the calculation of the HICP-AP is made at rather coarse level of the classification, and thus each category may include some products whose prices are administered and some that are non-administered. As a rule, the HICP sub-indices are classified as administered when more than 50% of the weight of that category comes from the expenditure on products whose prices are administered.
The following indices for all EU Member States, the euro area and the EU are published by Eurostat:
- AP indices: administered prices total; fully administered prices; mainly administered prices; and administered energy prices.
- AP exclusion indices (that show aggregate price developments of all products whose prices are freely set in markets): all-items excluding administered prices; all-items excluding fully administered prices; all-items excluding mainly administered prices; and administered prices excluding energy.
These data, indices as well as rates of change, are available on Eurostat's online database. Moreover, which sub-indices are classified as mainly or fully administered by each Member State are given in the table 'HICP - administered prices (composition)'. The HICP-AP was first released by Eurostat in February 2010.
For some Member States, HICP-AP figures may significantly differ from existing similar national measures, e.g. CPI-APs. The main reason are differences in coverage.
More detailed information can be found in: