Forex: The Harmonised Index of Consumer Prices To Be Released at 12:00 GMT

on May 29, 2013
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The Harmonised Index of Consumer Prices (HICP) will be released today at 12:00 GMT to show YoY and MoM changes.

HICP is an index of consumer prices, which are calculated and published by Destatis on the basis of a statistical methodology that has been harmonised across all EU member states. The index is a measure of prices used by the Governing Council of the EU to define and assess price stability in the euro area as a whole in quantitative terms.
In the latest month-over-month release of 14.05.2013 the index has shown a 0.5 percent lower value than the previous one – 0.4 percent, calculated on 29.04.2013.

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