What is HIPC inflation?
The Harmonized Index of Consumer Prices (HICP) is a measure of inflation in the European Union (EU). It reflects change over time in the prices paid by households for a representative basket of goods and services.
What is in the basket of goods 2022?
Main changes Additions to the baskets for 2022 include meat-free sausages, canned pulses, sports bras, pet collars and antibacterial surface wipes. Removals from the baskets include doughnuts, men’s suits and coal.
What is the true inflation rate 2022?
9.1%
US Inflation Rate Rises to 9.1%, Tops Forecasts The annual inflation rate in the US accelerated to 9.1% in June of 2022, the highest since November of 1981, from 8.6% in May and above market forecasts of 8.8%.
Is HICP core inflation?
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries.
What is the real inflation rate in 2022?
In just one year, the annual inflation rate measured by the consumer price index (CPI) increased substantially from 1.4% in January 2021 to 7.5% in January 2022. The recent war between Russia and Ukraine helped push the CPI inflation rate to 8.6% in May 2022, the highest level in 40 years.
What is the expected CPI for June 2022?
Core CPI which excludes food and energy increased 5.9%, slightly below 6% in May, but above forecasts of 5.7%. The annual inflation rate in the US likely accelerated to 8.8% in June of 2022 from 8.6% in May, which would be a fresh high since December of 1981, pushed once again by a surge in gasoline and food costs.
What is the inflation rate for 2022?
Consumer prices up 8.6 percent over year ended May 2022 : The Economics Daily: U.S. Bureau of Labor Statistics. The . gov means it’s official.
How much have food prices increased in 2022?
The USDA’s March Food Prices Outlook for 2022 predicted a 4.5%-5% rise in food prices this year. Dining out will see the highest increase, 5.5%-6.5%, the report said. The CPI reflects changes in prices for certain goods and services by consumers.