Instituto Nacional de Estadística

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Harmonised Index of Consumer Prices. HICP. August 2020

This month, the annual variation rate of the HICP stood at -0.6%, one tenth above the recorded the previous month.

Harmonised Index of Consumer Prices. Base 2015 - August 2020
Indicator Note Monthly change Anual change
Overall HICP 0.0 -0.6
Latest data
August 2020 Published: 11/09/2020

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The Harmonised Index of Consumer Prices (HICP) is a statistical indicator whose objective is to provide a common average of the inflation that allows conducting international comparisons, thus examining the compliance with this field, for the entrance to the European Monetary Union, as required by the Treaty of Maastricht.

The HICP of each country covers the divisions that exceed one per thousand of the total expense of the national shopping basket. It has been necessary to carry out specific adjustments in every State-member in order to achieve the comparability wanted by means of specific inclusions or exclusions of consumer entries.