Harmonised index of consumer prices (HICP)

This visualisation shows the harmonised indices of consumer price for all countries in Europe. The figures in this graph have been calculated in accordance with standardised EU guidelines in order to enable comparison among the individual countries.

Source: Eurostat
Differences between HICP and CPI
The HICP (Harmonised Index of Consumer Prices) is a price index calculated according to standardised EU guidelines. The HICP can be used to compare developments in inflation between different countries, and to calculate inflation for the eurozone as a whole. The national CPIs of the various countries are not suitable for this because of differences in composition. The main differences between the Dutch CPI and HICP are:

  • The HICP is based on all expenditure on Dutch territory; it thus includes spending by foreign visitors to the Netherlands. The CPI includes only spending by Dutch residents; but it does include spending by Dutch people abroad.
  • The CPI also includes consumption-related taxes and public services; these are not included in the HICP.
  • Spending on own homes is not included in the HICP, while it is included in the CPI.
  • Insurance premiums and spending on childcare are treated differently by the CPI and the HICP.

Additional information

More details on the HICP can be found in this survey description: Harmonised consumer price index (HICP) 2015=100