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COICOP
(redirected from Classification of Individual Consumption by Purpose)

   Also found in: Wikipedia 0.01 sec.
AcronymDefinition
COICOPClassification of Individual Consumption by Purpose (UN Statistics Division)
COICOPClassification of Individual Consumption According to Purpose (United Nations statistical methodology)


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The statement explained that instead of the eight groups used previously, the proposed methodology will use 12 groups in accordance with the classification of individual consumption by purpose (coicop).
Table 3 classifies consumer goods and services according to the Classification of Individual Consumption by Purpose (COICOP) scheme, which the HICP uses.
The remainder of the report is devoted to 12 specific consumer markets (for example, food and non-alcoholic beverages, housing, transport, or recreation and culture); each chapter covers one top-level heading within the classification of individual consumption by purpose (COICOP), the main classification used to provide detailed data on consumer prices, price levels and consumption expenditure.
 
 
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