Harmonised indices of consumer prices : February 2015.
Date: 2015-03-30
Institutions: Eurostat
Subjects: EU statistics, consumer price, economic statistics, euro area, price index

Economy and finance 

Author:  Svetoslava PAVLOVA  

D a t a   i n   f o c u s  
4/2015 

HARMONISED INDICES OF CONSUMER PRICES  
FEBRUARY 2015 

EURO AREA1)

 ANNUAL INFLATION WAS -0.3% IN FEBRUARY 2015, 

UP FROM -0.6% IN JANUARY 

EU2)

 ANNUAL INFLATION WAS -0.2% IN FEBRUARY 2015, 

UP FROM -0.5% IN JANUARY 

Figure 1: Annual inflation rates (in %), February 2014 - February 2015

4.0

3.0

2.0

1.0

0.0

-1.0

Euro area

US CPI

EU

JP CPI

02/14

03/14

04/14

05/14

06/14

07/14

08/14

09/14

10/14

11/14

12/14

01/15

02/15

Sources: Eurostat (online data code: prc_hicp_manr), US Bureau of Labor Statistics, and Statistics Bureau of Japan 

Figure 2: Annual inflation rates (in %), February 2015

0.0 0.0 0.1 0.3 0.4 0.5 0.6 0.7

-1.9-1.7-1.5-1.3-1.2-1.0-0.8-0.6-0.5-0.5-0.4-0.4-0.4-0.3-0.3-0.3-0.2-0.2-0.1-0.1-0.1-0.1

1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
-2.5

* Data for Austria are provisional. Data for United Kingdom are of January 2015.  

Source: Eurostat (online data code : prc_hicp_manr) 

 
 
 
 
 
 
 
 
 
Table 1: Index levels (2005=100) – HICP all-items 

Annual average 
index 

Mar 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

Feb 

Monthly Indices 

2014 

2014 

2014 

2014 

2014 

2014 

2014 

2014 

2014 

2014 

2014 

2015 

2015 

120.22 

116.2 

144.22 

109.6 

119.87 

120.77 

115.58 

119.3 

119.66 

148.05 

140.08 

123.62 

121.00 

116.61 

120.90 

120.65 

120.47 

120.65 

119.06 

120.77 

120.32 

120.33 

120.14 

120.13 

117.58 

120.43 

116.4 

116.1 

115.8 

116.3 

116.6 

116.6 

116.6 

116.2 

116.2 

116.3 

114.8 

115.9 

144.23 

144.50 

144.83 

145.25 

145.00 

144.68 

144.52 

144.43 

143.12 

143.13 

142.55 

143.30 

109.8 

109.8 

109.8 

110.0 

109.9 

110.2 

109.9 

109.6 

109.3 

108.9 

108.1 

108.8 

120.89 

121.34 

120.61 

121.25 

120.02 

118.72 

120.59 

119.55 

118.70 

118.07 

116.68 

116.43 

121.14 

121.90 

121.87 

121.80 

119.93 

120.04 

121.27 

121.35 

121.07 

120.27 

117.66 

117.83 

115.92 

115.89 

115.92 

115.87 

115.42 

115.97 

115.55 

115.58 

115.39 

115.47 

114.17 

115.01 

119.8 

120.4 

120.3 

120.4 

117.9 

117.7 

119.9 

120.3 

120.0 

120.0 

117.0 

117.3 

118.85 

119.71 

121.04 

121.91 

121.57 

121.74 

120.98 

120.59 

118.67 

116.90 

115.82 

116.43 

147.73 

148.48 

148.78 

149.36 

149.01 

147.84 

148.39 

148.04 

147.70 

146.71 

146.79 

147.32 

140.14 

140.53 

140.53 

140.51 

139.83 

139.69 

140.32 

140.45 

140.36 

139.46 

137.69 

137.49 

123.76 

124.04 

124.15 

124.38 

123.16 

124.27 

124.25 

123.86 

123.40 

122.24 

120.84 

123.30 

118.91 

121.19 

122.38 

123.81 

123.75 

123.96 

122.74 

122.00 

119.29 

119.22 

117.87 

118.43 

117.04 

117.72 

117.18 

116.76 

117.16 

117.02 

116.99 

116.86 

116.00 

115.74 

114.31 

115.22 

120.54 

120.56 

120.71 

120.83 

120.81 

120.02 

120.04 

121.13 

121.14 

121.31 

121.36 

119.66r  119.98p 

116.18 

124.14 

122.81 

121.84 

117.71 

142.81 

122.4 

117.4 

125.59 

144.88 

125.6 

154.71 

114.10 

128.0 

120.72 

177.51 

118.0 

120.73 

103.5 

116.26 

116.66 

116.75 

116.84 

116.12 

116.03 

116.64 

116.69 

116.27 

116.27 

114.54 

114.56 

123.81 

124.37 

125.28 

125.36 

124.11 

124.03 

124.39 

124.53 

124.38 

123.54 

122.06 

122.26 

122.70 

122.70 

123.03 

123.17 

122.98 

122.73 

122.81 

122.92 

122.71 

122.37 

122.22 

122.00 

121.84 

122.01 

121.65 

121.71 

121.53 

121.73 

122.50 

122.29 

122.11 

121.93 

121.03 

121.43 

118.02 

118.20 

118.07 

118.20 

117.43 

117.57 

118.08 

118.01 

117.80 

117.69 

115.85 

116.59p 

143.16 

143.47 

142.74 

142.31 

143.20 

143.08 

142.11 

142.22 

141.50 

141.99 

141.02r  141.10 

122.4 

122.4 

122.5 

122.5 

122.8 

122.7 

122.5 

122.6 

122.2 

122.2 

122.1 

122.2 

117.6 

117.7 

117.7 

117.6 

117.4 

117.2 

117.6 

117.7 

117.4 

117.1 

116.4 

117.4 

124.89 

125.53 

126.09 

126.40 

126.57 

126.66 

126.36 

126.06 

125.25 

124.38 

123.72 

123.86 

145.30 

145.15 

145.24 

145.39 

145.63 

145.29 

144.78 

144.66 

144.10 

143.11 

142.89 

143.61 

126.1 

126.2 

126.0 

126.0 

125.8 

125.4 

125.3 

125.3 

125.1 

124.8 

124.4 

124.3 

154.90 

155.41 

155.36 

154.85 

154.83 

154.27 

154.45 

154.81 

154.50 

154.35 

154.78 

155.37 

113.65 

114.11 

114.18 

114.44 

114.15 

114.12 

114.39 

114.46 

114.37 

114.67 

113.41 

114.37 

127.7 

128.1 

128.0 

128.3 

127.8 

128.3 

128.4 

128.5 

128.2 

128.2 

127.1 

: 

120.92 

121.14 

121.03 

121.15 

120.53 

120.65 

121.03 

121.01 

120.76 

120.64 

119.10 

119.78p

177.39 

178.15 

177.60 

179.61 

180.21 

179.83 

176.99 

177.35 

175.35 

176.45 

174.45 

175.22 

117.4 

117.8 

117.9 

117.5 

118.5 

118.0 

118.8 

118.8 

119.0 

118.9 

118.6 

119.1 

120.92 

121.14 

121.03 

121.15 

120.55 

120.66 

121.04 

121.02 

120.78 

120.66 

119.13 

119.81p

103.5 

103.6 

103.7 

103.6 

103.6 

103.4 

103.8 

103.8 

103.5 

103.5 

102.9 

102.5 

Belgium 

Germany 

Estonia 

Ireland 

Greece 

Spain 

France 

Italy 

Cyprus 

Latvia 

Lithuania 

Luxembourg 

Malta 

Netherlands 

Austria 

Portugal 

Slovenia 

Slovakia 

Finland 

Euro area 

Bulgaria 

Czech Republic 

Denmark 

Croatia 

Hungary 

Poland 

Romania 

Sweden 

United Kingdom3) 

EU 

Iceland 

Norway 

EEA4) 

Switzerland 

Source: Eurostat (online data codes: prc_hicp_aind, prc_hicp_midx) 

2 

4/2015— Data in focus  

 
  
 
 
Table 2: Inflation rates (in %) – HICP all-items 

12-month  
average rates 

Annual rates 

Dec 
2014 

Feb 
2015 

Feb  Mar 
2014 
2014 

Apr
2014 

May
2014 

Jun
2014 

Jul
2014 

Aug
2014 

Sep
2014 

Oct 
2014 

Nov 
2014 

Dec 
2014 

Jan
2015 

Feb
2015 

0.5 

0.8 

0.5 

0.3 

-1.4 

-0.2 

0.6 

0.2 

0.3 

0.5 

0.2 

0.2 

-1.6 

-0.4 

0.4 

0.1 

1.0 

1.0 

1.1 

0.1 

-0.9 

0.1 

1.1 

0.4 

0.9 

0.9 

0.7 

0.3 

-1.5 

-0.2 

0.7 

0.3 

0.9 

1.1 

0.8 

0.4 

0.8 

0.6 

0.6 

0.4 

0.7 

1.0 

0.4 

0.5 

-1.6 

-2.1 

-1.5 

0.3 

0.8 

0.5 

0.2 

0.8 

0.4 

-0.3 

-0.1 

-1.3 

-0.9 

-0.4 

-0.1 

0.7 

0.2 

0.7 

0.8 

0.3 

1.5 

0.6 

0.0 

0.4 

0.7 

0.1 

  1.3p 

0.5 

0.3 

0.8 

1.6 

0.4 

1.5 

0.3 

0.4 

0.8 

1.4 

0.1 

1.4 

0.8 

0.3 

0.9 

0.5 

0.6 

1.6 

0.8 

0.1 

1.4 

0.4 

0.1 

1.5 

0.6 

0.8 

0.0 

0.5 

-0.8 

-0.4 

0.6 

0.0 

0.9 

0.6 

0.5 

1.2 

0.6 

0.3 

1.7 

0.0 

0.6 

0.2 

0.0 

0.8 

0.3 

1.2 

0.7 

0.3 

1.7 

-0.2 

-0.2 

-0.1 

-0.4 

-0.1 

-0.3 

-0.2 

-0.7 

-0.1 

0.4 

0.2 

0.2 

0.6 

0.5 

-0.1 

-0.2 

-0.1 

-0.2 

-0.2 

1.2 

0.4 

0.9 

  0.2p 

1.6 

0.7 

1.3 

0.5 

1.3 

0.7 

1.0 

0.0 

1.0 

0.5 

1.0 

0.3 

0.0 

-0.1 

-0.2 

-0.2 

1.1 

0.5 

1.0 

0.4 

1.2 

0.4 

0.4 

0.8 

-0.2 

0.6 

-0.2 

-0.5 

0.5 

0.2 

0.8 

0.2 

0.5 

-1.1 

-0.3 

0.4 

-0.2 

-0.1 

0.8 

0.8 

0.3 

0.7 

0.8 

0.4 

1.5 

0.0 

1.2 

0.0 

0.3 

0.6 

0.2 

1.4 

0.0 

-0.1 

-0.1 

1.5 

0.3 

0.3 

0.7 

0.5 

0.4 

-1.8 

-0.2 

0.5 

0.2 

0.3 

0.7 

0.3 

0.4 

0.7 

0.4 

1.4 

0.1 

0.1 

0.0 

1.2 

0.4 

0.1 

0.5 

0.0 

0.2 

-1.2 

-0.5 

0.4 

0.3 

0.0 

0.9 

0.4 

0.2 

0.6 

0.3 

1.5 

0.1 

0.1 

0.0 

1.1 

0.3 

-0.4 

0.1 

0.1 

-0.3 

-2.5 

-1.1 

0.1 

-0.1 

-1.0 

0.3 

-0.1 

-0.9 

0.4 

-0.6 

-0.5 

-0.5 

-0.4 

-2.8 

-1.5 

-0.4 

-0.5 

-0.7 

-0.3 

-1.4 

-1.1 

0.8 

-0.4 

-0.1 

-0.2 

-0.4 

-1.9 

-1.2 

-0.3 

0.1 

-0.8 

0.0 

-1.5 

-0.3 

0.6 

-0.1 

-0.7 

-0.5 

0.8 

-0.3 

-0.1 

-0.1 

0.6 

0.5 

  0.5p 

-0.4 

-0.7 

-0.5 

-0.1 

-0.1 

-0.5 

-0.6 

-0.1 

-0.2 

-0.6 

 -0.3p 

-1.6 

-1.7 

-2.1 

-2.0 

-1.3 

-1.8 

-1.8 

-1.1 

-1.0 

-1.4 

-1.5 

-1.9 

-2.0 

 -2.4r 

-1.7 

0.4 

0.3 

0.2 

0.0 

0.1 

1.4 

0.2 

1.5 

0.6 

1.0 

1.9 

0.6 

0.0 

0.4 

0.2 

0.1 

-0.3 

-0.2 

1.2 

0.3 

: 

  0.3p 

0.7 

1.9 

  0.4p 

0.3 

0.3 

0.3 

0.2 

-0.2 

-0.1 

0.3 

0.7 

1.3 

0.1 

1.7 

0.8 

0.8 

1.9 

0.8 

0.2 

0.6 

1.3 

-0.4 

1.6 

0.6 

0.9 

1.8 

0.6 

0.0 

-0.2 

-0.1 

0.2 

0.5 

-0.1 

-0.2 

0.3 

1.6 

0.3 

1.8 

0.8 

1.3 

1.5 

0.8 

0.1 

0.5 

0.3 

0.4 

0.0 

0.3 

1.3 

0.1 

1.5 

0.6 

1.1 

1.6 

0.6 

0.2 

0.0 

0.4 

0.5 

-0.1 

0.3 

0.9 

0.5 

1.9 

0.7 

1.3 

1.8 

0.7 

0.6 

0.5 

0.5 

0.5 

0.0 

1.5 

0.4 

1.6 

0.5 

2.3 

2.2 

0.6 

-0.1 

-0.1 

0.7 

0.3 

0.3 

0.3 

-0.1 

1.3 

0.2 

1.5 

0.5 

2.3 

1.9 

0.5 

0.1 

0.8 

0.3 

0.2 

-0.5 

-0.2 

1.8 

0.0 

1.2 

0.4 

0.4 

2.1 

0.4 

0.0 

0.7 

0.3 

0.5 

-0.3 

-0.3 

1.8 

0.3 

1.3 

0.5 

1.0 

1.9 

0.5 

0.1 

0.6 

0.2 

0.3 

0.1 

-0.3 

1.5 

0.3 

1.0 

0.3 

-0.6 

2.0 

0.4 

0.1 

0.1 

0.1 

-0.1 

-0.8 

-0.6 

1.0 

0.3 

0.5 

-0.1 

-0.4 

2.0 

-0.1 

-0.1 

-0.1 

-0.3 

-0.6 

-1.4 

-1.0 

0.5 

0.4 

0.3 

-0.1 

0.0 

-0.4 

-1.0 

-1.3 

0.4 

0.7 

: 

-0.5 

 -0.2p

-0.1 

-0.8 

1.9 

1.8 

-0.5 

 -0.2p

-0.1 

-0.4 

Belgium 

Germany 

Estonia 

Ireland 

Greece 

Spain 

France 

Italy 

Cyprus 

Latvia 

Lithuania 

Luxembourg 

Malta 

Netherlands 

Austria 

Portugal 

Slovenia 

Slovakia 

Finland 

Euro area 

Bulgaria 

Czech Republic 

Denmark 

Croatia 

Hungary 

Poland 

Romania 

Sweden 

United Kingdom 

EU 

Iceland 

Norway 

EEA 

Switzerland 

Source: Eurostat (online data codes: prc_hicp_mv12r, prc_hicp_manr) 

  Data in focus — 4/2015 

3 

 
 
 
 
Table 3: Annual inflation rates (in %) for HICP main categories 

Feb 2015 

Main categories 

Belgium 
Germany 

Estonia 

Ireland 

Greece 

Spain 

France 

Italy 

Cyprus 

Latvia 

Lithuania 

Luxembourg 

Malta 

Netherlands 

Austria 

Portugal 

Slovenia 

Slovakia 

Finland 

Euro area 

Bulgaria 

Czech Republic 

Denmark 

Croatia 

Hungary 

Poland 

Romania 

Sweden 

United Kingdom 

EU 

Iceland 

Norway 

EEA 

00 

-0.4 

-0.1 

-0.2 

-0.4 

-1.9 

-1.2 

-0.3 

0.1 

-0.8 

0.0 

-1.5 

-0.3 

0.6 

-0.5 

01 

-0.1 

-0.2 

-1.5 

-2.9 

0.9 

0.2 

0.0 

0.9 

2.2 

-2.3 

-1.1 

-0.4 

2.4 

0.0 

02 

3.3 

2.4 

5.0 

1.2 

2.4 

1.4 

0.4 

2.7 

1.1 

1.2 

2.5 

3.4 

3.6 

1.5 

03 

0.5 

-0.8 

2.8 

-2.9 

1.0 

0.0 

-2.4 

-0.2 

2.6 

-0.8 

-2.4 

0.0 

1.2 

-3.0 

04 

-5.7 

-0.6 

0.2 

5.6 

-7.7 

-1.8 

0.7 

-1.3 

-6.6 

5.6 

-3.2 

-1.5 

-8.8 

1.1 

05 

1.0 

0.6 

1.1 

-2.8 

-0.8 

-0.5 

-0.8 

0.3 

-0.4 

1.1 

0.4 

1.7 

-0.8 

-1.0 

06 

1.6 

1.4 

3.7 

-0.1 

-2.1 

0.1 

0.0 

1.1 

0.5 

1.4 

2.3 

1.0 

0.7 

-0.2 

07 

-3.3 

-2.2 

-7.0 

-7.7 

-3.8 

-6.3 

-2.1 

-3.0 

-6.2 

-5.1 

-10.1 

-5.0 

-0.6 

-2.9 

08 

-0.5 

-1.4 

0.1 

0.4 

0.0 

-4.7 

-1.4 

-1.1 

1.1 

-0.1 

-0.6 

-0.8 

-0.6 

-6.8 

09 

0.9 

1.0 

1.2 

-0.3 

-1.3 

-1.0 

-0.8 

-0.2 

-2.1 

-0.1 

0.8 

0.9 

1.2 

-0.3 

10 

1.3 

-1.2 

-18.7 

4.9 

-3.1 

1.3 

2.0 

1.9 

-1.6 

1.5 

1.6 

0.8 

6.4 

3.5 

11 

2.6 

2.5 

2.1 

1.9 

-0.4 

0.6 

1.8 

1.0 

1.3 

2.7 

4.9 

3.9 

2.3 

1.2 

12 

2.1 

1.3 

2.3 

0.6 

-1.7 

0.8 

0.6 

-0.1 

-0.7 

2.7 

2.3 

1.0 

2.8 

1.6 

   0.5p 

   0.6p 

   4.8p 

  -1.8p 

   1.3p 

   0.3p 

   1.8p 

  -5.1p 

   1.5p 

   2.5p 

   2.8p 

   2.5p 

   1.6p 

-0.1 

-0.5 

-0.6 

-0.1 

0.0 

-0.7 

-1.9 

-2.4 

3.1 

4.7 

1.7 

2.2 

-2.0 

-0.1 

1.6 

-0.4 

0.2 

-2.0 

-0.9 

2.3 

0.8 

-2.3 

2.1 

0.5 

0.7 

0.0 

0.4 

4.3 

-2.6 

-4.9 

-7.8 

-3.8 

2.8 

1.0 

-0.4 

-3.7 

-2.3 

3.6 

0.9 

-0.5 

0.6 

0.9 

3.1 

-0.5 

2.9 

1.0 

1.5 

1.6 

-0.8 

1.2 

1.9 

0.9 

  -0.3p 

   0.1p 

   2.0p 

  -0.4p 

  -0.6p 

   0.0p 

   0.8p 

  -3.2p 

  -1.9p 

   0.2p 

   0.8p 

   1.5p 

   0.7p 

-1.7 

-0.1 

0.0 

-0.4 

-1.0 

-1.3 

0.4 

0.7 

: 

0.0 

-1.5 

0.4 

0.2 

-0.7 

-3.6 

-0.6 

1.6 

: 

0.6 

3.5 

-0.7 

3.0 

2.0 

2.3 

2.7 

2.7 

: 

-0.1 

4.6 

0.0 

-0.7 

-0.3 

-5.2 

2.1 

0.6 

: 

5.9 

1.4 

-1.0 

-0.7 

-3.0 

0.5 

1.6 

0.5 

: 

-0.5 

-0.1 

0.8 

-0.1 

-0.4 

-0.4 

1.4 

-0.5 

: 

-1.1 

-7.5 

0.8 

3.8 

5.8 

1.5 

2.1 

0.4 

: 

-10.0 

-5.7 

-1.1 

-6.9 

-7.6 

-9.2 

-3.1 

-0.5 

: 

-5.9 

-2.0 

-4.5 

1.1 

-0.9 

3.3 

-1.0 

-0.6 

: 

0.7 

1.0 

1.1 

0.9 

0.9 

2.5 

1.7 

0.0 

: 

2.9 

1.0 

2.8 

0.1 

1.9 

1.5 

2.0 

4.0 

: 

0.5 

1.2 

1.1 

2.0 

1.7 

1.6 

1.9 

2.5 

: 

-0.9 

2.8 

1.2 

-0.3 

2.2 

0.6 

2.5 

1.0 

: 

  -0.2p 

  -0.5p 

   2.3p 

  -0.1p 

  -0.3p 

   0.0p 

   1.0p 

  -3.4p 

  -1.3p 

   0.4p 

   3.1p 

   1.6p 

   0.6p 

-0.8 

1.8 

1.3 

3.0 

-0.5 

3.3 

-6.7 

-2.8 

3.5 

1.7 

-5.0 

2.8 

3.4 

2.4 

-7.1 

0.6 

0.9 

-1.0 

1.5 

3.0 

8.1 

1.8 

4.6 

2.1 

1.0 

2.4 

  -0.2p 

  -0.5p 

   2.3p 

  -0.2p 

  -0.3p 

   0.0p 

   1.0p 

  -3.4p 

  -1.3p 

   0.4p 

   3.1p 

   1.6p 

   0.6p 

Switzerland 

-0.4 

0.1 

0.9 

6.8 

-0.9 

-1.9 

-0.4 

-4.0 

-0.4 

-1.3 

1.1 

0.1 

1.8 

COICOP/HICP code of main categories 

00  HICP (all-items index) 
01  Food and non-alcoholic beverages 
02  Alcoholic beverages and tobacco 
03  Clothing and footwear 
04  Housing, water, electricity, gas and other fuels 
05  Furnishings, household equipment and routine 

maintenance of  the house 

Source: Eurostat (online data code: prc_hicp_manr) 

06  Health 
07  Transports 
08  Communications 
09  Recreation and culture 
10  Education 
11  Restaurants and hotels 
12  Miscellaneous goods and services 

4 

4/2015— Data in focus  

 
 
 
 
 
 
Table 4: Index levels (2005=100) - some special aggregates 

     HICP all-items excluding … 

… energy 

… energy, food, 
alcohol and 
tobacco 

… energy, 
unprocessed 
food 

... energy, 
seasonal food

... tobacco 

Energy 

Food, alcohol 
and tobacco 

Jan 
2015 

Feb 
2015 

Jan 
2015 

Feb 
2015 

Jan
2015 

Feb
2015 

Jan
2015 

Feb
2015 

Jan
2015 

Feb
2015 

Jan 
2015 

Feb 
2015 

Jan
2015 

Feb
2015 

117.05  119.85  113.95  117.32  116.71  119.64  116.97  119.78  117.06  119.96 

118.65  121.94 

127.88  128.60 

113.1 

114.0 

110.7 

111.7 

112.5 

113.4 

112.8 

113.7 

114.3 

115.5 

128.3 

130.9 

123.9 

124.7 

137.99  138.55  127.66  127.78  137.16  137.41  137.40  137.59  140.59  141.36 

177.12  179.47 

160.27  161.85 

105.4 

106.1 

103.9 

104.9 

106.1 

106.9 

105.8 

106.5 

106.3 

107.0 

134.6 

135.2 

111.1 

110.3 

112.75  112.21  108.48  107.49  112.31  111.52  112.48  111.74  114.87  114.62 

171.71  176.38 

125.95  126.67 

115.04  115.00  111.30  111.13  114.21  114.10  114.54  114.41  116.37  116.52 

140.99  142.96 

126.44  126.84 

112.61  113.28  110.99  111.80  111.94  112.62  112.40  113.06  113.55  114.40 

130.46  133.10 

118.43  118.63 

115.8 

116.1 

113.6 

113.6 

115.3 

115.4 

115.5 

115.6 

116.6 

116.7 

130.9 

131.2 

123.6 

124.7 

112.40  113.16  105.77  106.83  109.39  110.02  110.24  110.78  115.02  115.66 

143.14  141.61 

136.43  136.17 

139.67  140.11  122.26  122.53  138.39  138.51  138.70  138.83  141.85  142.35 

200.55  201.76 

175.57  176.39 

Belgium 

Germany 

Estonia 

Ireland 

Greece 

Spain 

France 

Italy 

Cyprus 

Latvia 

Lithuania 

134.07  133.73  118.35  118.02  131.48  130.95  133.19  132.62  134.79  134.61 

160.08  161.03 

162.34  162.03 

Luxembourg 

122.15  124.36  117.97  120.79  122.18  124.49  122.25  124.50  118.19  120.77 

114.90  119.20 

134.68  134.70 

Malta 

116.04  116.81  108.59  109.49  112.74  113.54  113.74  114.52  117.23  117.81 

153.03  150.26 

144.93  145.08 

Netherlands 

113.64  114.50  111.59  112.36  113.49  114.33  113.48  114.29  113.24  114.15 

119.99  121.45 

122.56  123.77 

Austria 

Portugal 

Slovenia 

Slovakia 

Finland 

119.58r  119.81p  117.64r  117.86p  119.14r  119.35p 119.38r  119.58p 119.44r  119.73p  121.98  123.28p  129.53  129.77p

111.26  111.05  108.82  108.65  111.26  111.14  111.03  110.86  113.30  113.33 

135.37  138.55 

118.84  118.52 

118.58  118.82  110.42  110.76  116.92  117.10  117.43  117.57  120.07  120.28 

145.98  145.88 

144.69  144.58 

120.45  120.34  116.61  116.59  120.33  120.11  119.66  119.37  120.98  120.75 

129.31  128.39 

130.82  130.47 

120.00  120.29  116.00  116.65  119.18  119.56  119.62  119.94  120.37  120.79 

133.21  135.18 

133.63  132.64 

Euro area 

114.20  114.81p  111.74  112.37p  113.65  114.23p 113.92  114.47p 115.13  115.87p  131.43  133.48p  123.49  124.03p

Bulgaria 

142.76r  142.87  130.74r  130.33  143.71r  143.35  143.28r  142.86  136.50r  136.58 

129.69r  129.58 

170.65r  172.05 

Czech Republic 

118.8 

119.1 

109.4 

109.6 

118.2 

118.5 

118.3 

118.5 

119.3 

119.2 

144.2 

142.9 

141.2 

142.0 

Denmark 

Croatia 

Hungary 

Poland 

Romania 

Sweden 

115.5 

116.4 

112.3 

113.4 

115.4 

116.4 

115.2 

116.1 

115.7 

116.7 

122.7 

125.0 

128.1 

127.7 

121.79  121.97  114.48  114.38  121.65  121.58  120.66  120.58  121.67  121.81 

137.02  136.89 

134.65  135.48 

143.13  143.67  130.58  130.77  140.61  140.85  141.33  141.56  139.83  140.54 

146.13  147.90 

172.29  173.68 

121.2 

121.3 

113.5 

113.5 

120.5 

120.5 

121.0 

121.0 

121.6 

121.5 

145.5 

144.3 

137.8 

138.0 

150.90  151.21  142.86  142.74  155.48  155.39  152.00  151.92  146.37  146.95 

171.57  174.44 

158.44  159.39 

112.55  113.37  109.11  109.99  111.92  112.69  112.15  112.93  112.39  113.35 

118.90  121.14 

125.47  126.07 

United Kingdom 

122.9 

: 

118.8 

: 

121.9 

: 

122.3 

: 

124.8 

: 

169.4 

: 

145.8 

: 

EU 

Iceland 

Norway 

EEA 

116.96  117.53p  113.46  114.04p  116.30  116.83p 116.60  117.10p 117.85  118.50p  137.69  139.36p  129.98  130.50p

172.67  173.26  170.13  171.10  172.41  173.21  171.84  172.56  173.96  174.72 

190.96  193.88 

182.97  181.97 

116.5 

117.1 

114.7 

115.0 

117.2 

117.8 

116.5 

117.1 

118.0 

118.4 

132.6 

130.5 

123.7 

125.7 

116.99  117.56p  113.51r  114.09p  116.35  116.88p 116.64  117.14p 117.89  118.54p  137.78  139.41p  129.95  130.49p

Switzerland 

102.3 

102.0 

102.1 

101.9 

102.4 

102.2 

102.4 

102.1 

102.6 

102.2 

109.1 

106.8 

103.2 

102.4 

Source: Eurostat (online data code: prc_hicp_midx) 

  Data in focus — 4/2015 

5 

 
 
 
 
 
 
 
Comments 

1.  Euro area inflation is measured by the MUICP (’Monetary Union Index of Consumer Prices’ as defined in Council 
Regulation (EC) No 2494/95 of 23 October 1995) which is the official euro area aggregate. The euro area initially 
included  Belgium,  Germany,  Ireland,  Spain,  France,  Italy,  Luxembourg,  the  Netherlands,  Austria,  Portugal  and 
Finland. Greece  was included from January  2001, Slovenia from January  2007, Cyprus  and Malta from January 
2008,  Slovakia  from  January  2009,  Estonia  from  January  2011,  Latvia  from  January  2014,  and  Lithuania  from 
January 2015. New Member States are integrated into the MUICP using a chain index formula.  

2.  EU inflation is measured by the EICP (’European Index of Consumer Prices’ as defined in Council Regulation (EC) 
No 2494/95 of 23 October 1995) which is the official EU aggregate. The EU included 15 Member States until April 
2004,  25  Member  States  until  December  2006,  27  Member  States  until  June  2013  and  28  Member  states  from 
July 2013. New Member States are integrated into the EICP using a chain index formula. 

3.  Data for United Kingdom for February  2015 were not available in time for publication. Due to this fact, euro area, 

EU and EEA totals were calculated using Eurostat estimates. 

4.  EEA inflation is measured by the EEAICP (’European Economic Area Index of Consumer Prices'). It is computed 

using data for Iceland and Norway in addition to the EU Member States. 

Flags 
p 

provisional 

Methodology 

r  

revised 

: 

not available 

Measures of inflation 

An annual rate measures the price change between the current month and the same month of the previous year. This 
measure is responsive to recent changes in price levels but can be influenced by one-off effects in either month. 

A  12-month  average  rate  overcomes  this  volatility  by  comparing  average  Harmonised  Indices  of  Consumer  Prices 
(HICPs) in the latest 12 months to the average of the previous 12 months. This measure is less sensitive to transient 
changes in prices.  

HICPs designed for international comparison 

Harmonised  Indices  of  Consumer  Prices  (HICPs)  are  harmonised  inflation  figures  required  under  the  Treaty  on  the 
Functioning of the European Union. They are designed for international comparison of consumer price inflation.  

The  MUICP  is  used  by,  among  others,  the  European  Central  Bank  (ECB)  as  a  main  indicator  for  monetary  policy 
management for the euro area (see ECB press release, 8 May 2003). 

The  Member  States’  HICPs  are  supplied  by  the  National  Statistical  Institutes;  the  MUICP,  EICP  and  EEAICP  are 
compiled by Eurostat. HICPs are computed as annual chain indices allowing weights to be changed each year. HICP 
aggregates  are  calculated  as  weighted  averages  of  the  HICPs  using  the  weights  of  the  countries  and  sub-indices 
concerned. The weight of a country is its share of the household final monetary consumption expenditure in the total 
of  the  country  group.  For  the  MUICP  this  is  expressed  in  euro,  for  the  EICP  and  the  EEAICP  it  is  expressed  in 
Purchasing  Power  Standards.  The  MUICP  is  treated  as  a  single  entity  within  the  EICP  and  EEAICP  starting  from 
1999. 

Additional information 

About 100 MUICP, EICP, EEAICP and HICP sub-indices and over 30 special aggregates with corresponding weights 
and inflation rates are available in Eurostat’s database: 

http://epp.eurostat.ec.europa.eu/portal/page/portal/hicp/data/database 

More information on methods and data can be found on the HICP section of the Eurostat website: 

http://epp.eurostat.ec.europa.eu/portal/page/portal/hicp/introduction 

6 

4/2015— Data in focus  

 
 
 
 
 
 
 
 
 
Further information 

European Statistical Data Support: 

Contact details for this support network can be found on the Eurostat website at: 
http://ec.europa.eu/eurostat/. 

Manuscript completed on: 19.03.2015 
Data extracted on: 17.03.2015 
ISSN 1977-0340 
Catalogue number: KS-QA-15-004-EN-N 
© European Union, 2015