Harmonized Index of Consumer Prices - HICP
An inflation indicator used by the European Central Bank.
Investopedia Commentary
New prices of products are added to the HICP only after these products have become significant in the market. Every month, each country publishes a report containing data about the HICP.
See also: Consumer Price Index - CPI, Inflation, Monetary Policy, Monetary Union Index of Consumer Prices - MUICP
Also spelled: HICP