Eurozone CPI Weights Health

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. This set of consumer price indices calculated according to a harmonised approach and a set of definitions as laid down in Eurostat Regulations and Recommendations.This involves weighting together aggregated prices for different categories of goods and services so that each takes its appropriate share within household budgets. The weights are based on expenditure of households. All the weights used in compiling the measures of consumer price inflation are updated annually to coincide with the general review of the representative items in the basket. The weights are based on the latest available calendar year’s household final consumption expenditure data. Each expenditure class is given an weight in parts per thousand so that the sum of the class weights equals 1000.