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Harmonised index of consumer prices (HICP) (prc_hicp)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Institute of Statistics (INSTAT)

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The harmonised index of consumer prices (HICP) is a consumer price index (CPI) that is calculated according to a harmonised approach. It measures the change over time of the prices of consumer goods and services acquired by households (inflation).

Due to the common methodology, the HICPs of the countries and European aggregates can be directly compared.

11 September 2025

The main statistical variables are price indices.

The basic unit of statistical observation are prices for consumer products.

Please see the information under the next points.

Please see the information under the next point.

HICP is a monthly statistics.

The accuracy of HICP is generally considered to be high. There is methodological accuracy in regards of weights and prices and calculations according to European Regulations. The products in the basket are selected using HBS data. The goods and services selected are those of most importance to the customers, have a significant share in total consumption and best reflect the changes of prices of related products. Prices are collected in different type of outlets, supermarkets, markets, etc., in 11 prefectures in the country, some of them also via internet and by phone. For the calculation of weights for HICP expenditures of resident and non-resident households in Albania (domestic concept).

The following units are used:

  • Index point
  • Percentage change on the same period of the previous year (rates)
  • Percentage change on the previous period (rates)
  • Percentage share of the total (weights).

See information under the next points.

Please see information under the next points.

Monthly.

The full set of HICPs is published each month according to a pre-announced schedule, between 15 and 18 days after the end of the reference month. Each year, the January news release is published at the end of February to allow for the annual update of the weights of individual product groups and the relative country weights of Members States in the country-group aggregates.

The euro area flash estimate is published on the last working day of the reference month or shortly after that.

HICPs across Member States aim to be comparable. Any differences at all levels of detail should only reflect differences in price changes or expenditure patterns.

To this end, concepts and methods have been harmonised by means of legislation. HICPs that deviate from these concepts and methods are deemed comparable if they result in an index that is estimated to differ systematically by less than or equal to 0.1 percentage points on average over one year against the previous year (Article 4 of Council and Parliament Regulation (EU) 2016/792).

CPI/HICP data are fully comparable over time. There have been several improvements in methodology since HICP was introduced with the aim of improving the reliability and comparability of HICP. However, previous indices are recalculated based on the latest methodology so they can be compared over time.