Harmonised indices of consumer prices (repeal of Regulation 2494/95)

This procedure aims to update the rules for collecting harmonised indices of consumer prices (HICP). The HICP is crucial for measuring inflation across the EU and informing monetary policy decisions by the European Central Bank. It ensures comparable price data for all member states.

The proposed legislation repeals an older regulation from 1995 and introduces modernised requirements for statistical authorities. This will ensure the continued reliability and comparability of inflation data, affecting consumers and businesses through its impact on economic policy.