Verordening 2016/792 - Geharmoniseerde indexcijfers van de consumptieprijzen en van de huizenprijzen - Hoofdinhoud

Harmonised measurement of inflation across the EU

SUMMARY OF:

Regulation (EU) 2016/792 — harmonised indices of consumer prices and the house price index

WHAT IS THE AIM OF THE REGULATION?

Its aim is to establish a common set of rules for developing, producing and disseminating harmonised national and European Union (EU) indices of consumer and house prices.

KEY POINTS

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  The legislation applies to the following:

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    the harmonised index of consumer prices* (HICP);
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    the harmonised index of consumer prices at constant tax rates (HICP-CT);
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    the harmonised price index for owner-occupied housing (OOH);
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    the harmonised house price index (HPI).

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  EU countries’ authorities:

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    provide the European Commission’s statistical office, Eurostat, with the harmonised indices;
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    update the product category weightings for the indices every year.

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  The Commission may adopt further measures, provided these do not impose a significant additional burden on national authorities, to ensure the comparable harmonised indices are produced under uniform conditions. These cover:

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    sampling and representativity;
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    collection and treatment of prices;
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    replacements and quality adjustment;
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    index compilation;
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    revisions;
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    special indices;
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    treatment of products* in specific areas; and
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    pilot studies.

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  Data for the following are not included in the common set of rules:

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    narcotics;
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    gambling;
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    prostitution;
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    life insurance;
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    financial intermediation services indirectly measured (FISIM) — the value of financial intermediation services provided, but not directly charged for, by financial institutions.

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  National authorities provide Eurostat with HICP and HICP-CT data every month and with the HPI and OOH price index every quarter.
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  The harmonised indices and sub-indices are adjusted to a new common index reference when a major methodological change takes place or every 10 years from 2015.
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  The Commission must prepare a report on the integration of the OOH price index into the HICP coverage by 31 December 2018.

FROM WHEN DOES THE REGULATION APPLY?

It has applied since 13 June 2016. It will be used for the first time for data for January 2017 onwards.

BACKGROUND

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  The harmonised index of consumer prices measures inflation rates at national and EU level. The Commission and the European Central Bank use the index to assess price stability in EU countries and in the euro area.
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  High-quality comparable price statistics are essential for those responsible for public policy in the EU, researchers and all EU citizens.

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  KEY TERMS

Consumer prices: the purchase prices which households pay, through monetary transactions, to buy individual products.

Products: goods and services.

MAIN DOCUMENT

Regulation (EU) 2016/792 of the European Parliament and of the Council of 11 May 2016 on harmonised indices of consumer prices and the house price index, and repealing Council Regulation (EC) No 2494/95 (OJ L 135, 24.5.2016, pp. 11–38)

last update 17.11.2016

Deze samenvatting is overgenomen van EUR-Lex.