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Harmonized Index of Consumer Price (HICP)

The indicator is taken into account by the market. During the cycle of interest rates growth, the index gains more importance, since its growth entails further tightening of monetary policy in the country, and therefore entails the growth of the national currency. Indices of consumer price inflation are more important than the index of industrial inflation.

To compare the values of indexes for different periods, the index value for the base year 1996 equal to 100 is used.

  • Release Frequency: monthly.
  • Release Schedule: 09:00 GMT, about three weeks after the end of the reporting period.
  • Source: Eurostat.