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COICOP HICP

Definition

The COICOP/HICP is the United Nations (UN) Classification of individual consumption by purpose (COICOP), which was adapted to the compilation of the harmonised index of consumer prices (HICP) of the European Union (EU) and the euro area. Adapting COICOP to the HICP calculation involved a number of changes:

  • some sub-indices of the COICOP, such as narcotics and owner-occupied housing, had to be excluded because they are not within the HICP coverage;
  • certain sub-classes (those with 4 digits) have been combined to ensure their weight was above one part per thousand in most of the Member States.

Reference

  1. Eurostat 2025 Glossary: COICOP HICP. [2025-1-17] ec.europa.eu
Proposed by: Michael Rubinigg
Properties

Label

COICOP HICP

EUPH Code

[7538]

EUPH URI

https://app.pollinatorhub.eu/vocabulary/classes/7538

Created

2025-01-17

Updated

2025-01-17
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Author: Michael Rubinigg
Definition
Author: Michael Rubinigg
Translation
Authors: Michael Rubinigg

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English
COICOP HICP
Michael Rubinigg
Approved
English
Classification of individual consumption by purpose adapted to the compilation of the harmonised index of consumer prices
Michael Rubinigg
Approved