The Index of Consumer
Prices (HICP) is Harmonized indicator that looks for a common
measure of inflation to make international comparisons.
Influence
Like the CPI the HICP
influence in the so-called basket representative of household consumption.
The HICP weights and their comparison with those of the CPI Spain are:
|
Categories
|
% CPI
|
% HICP
|
|
Food and
non-alcoholic beverages
|
22.06
|
21.95
|
|
Alcoholic
beverages and snuff
|
2.82
|
2.83
|
|
Clothing and
footwear
|
9.03
|
9.06
|
|
Housing
|
10.36
|
10.52
|
|
Menaje
|
6.15
|
6.07
|
|
Medicine
|
2.83
|
2.84
|
|
Transportation
|
14.89
|
14.19
|
|
Communications
|
3.58
|
3.50
|
|
Entertainment
and culture
|
7.11
|
7.23
|
|
Teaching
|
1.60
|
1.60
|
|
Hotels,
restaurants and cafes
|
11.55
|
14.38
|
|
Other
|
8.02
|
5.83
|
HICP compared
with CPI
The HICP not cover all plots shopping
Spanish, which leaves out some services such as insurance or cars.
This index covers consumption
expenditure of households that are within each member state of the European
Union. En él se incluyen los gastos
de los visitantes extranjeros. It includes the cost of foreign visitors.
The HICP Europe has a total
added weight of a 7% over the CPI Spanish, mainly due to a change in the
coverage of population.
|
