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Together, the HICP population constitutes some 4.8% of U.S.
The annual average inflation, measured by HICP, in the last 12 months (October 2016 - September 2017) compared to the previous 12 months (October 2015 - September 2016) was 0.6%.
HICP was pushed upward mainly by higher electricity prices which were up 17.1% with the categories of housing, water, electricity, gas and other fuels and food and non-alcoholic beverages, registering the highest increase with 10.2% and 4.8%, respectively.
The Austrian National Bank forecast last month that HICP would hold steady at 1.4 percent this year and 1.5 percent in 2016, keeping Austria broadly in line with the European Central Bank's goal of holding inflation just under 2 percent over time.
Keywords: Euro changeover, Inflation perceptions, EMU countries, Eurozone, HICP
The Conference Board adjusts official HICP and CPI metrics to a common base year to facilitate comparison with the United States.
Between late 2007 and early 2008, for example, the euro area's HICP increased sharply, reaching 4.1 percent in July 2008 primarily because of rising energy, agricultural, and other commodity prices.
According to article 3 of the above regulation, the scope of HICP covers goods and services which are offered for sale in order to satisfy direct needs of consumers in a particular economic area of a Member State.
Meanwhile, the harmonised index of consumer prices or HICP increased 1.6 percent year-on-year in April, faster than the 1.5 percent growth in the preceding month.
The core target of this study is to estimate the forecast model for Lithuanian Harmonised Index of Consumer Prices (HICP).
Concerning the inflation rate, the European commission uses the notion of "core inflation", in order to isolate the effect of the sharp increase in prices of energy and unprocessed food; its Spring 2008 economic forecast shows that core inflation in the euro area has increased to 2.7% year on year, at the end of March 2008, whereas the headline inflation, or Harmonised Index of Consumer Prices (HICP), stands at 3.6%.
The April HICP reading was lower than the headline inflation of 4.6 per cent released on May 2.
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