Inflation forecast is measured in terms of the consumer price index (CPI) or harmonised index of consumer prices (HICP) for euro area countries, the euro area aggregate and the United Kingdom. Inflation measures the general evolution of prices. It is defined as the change in the prices of a...

This background note considers how competition contributes to lower inflation, despite its unsuitability as a short-term anti-inflationary tool. It explains why competition is important for optimal inflation and summarises some of the empirical evidence of this relationship. It then considers...

his dataset contains annual data on minimum wages in national currency at current prices. Cross-country comparisons are base upon national currency units, pay periods (hourly, daily, weekly, monthly), and time and frequency. Statistics are available from 1960 onwards.

This dataset includes indicators on labour productivity growth defined in terms of gross domestic product (GDP), hours worked and capital services. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to...

Gross domestic product (GDP) is the standard measure of the value of final goods and services produced by a country during a period minus the value of imports. This subset of Aggregate National Accounts comprises comprehensive statistics on gross domestic product (GDP) by presenting the three...

This dataset includes indicators on labour productivity growth defined in terms of gross domestic product (GDP), hours worked and capital services. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to...

Gross domestic product (GDP) is the standard measure of the value of final goods and services produced by a country during a period minus the value of imports. This subset of Aggregate National Accounts comprises comprehensive statistics on gross domestic product (GDP) by presenting the three...

This dataset includes indicators on labour productivity growth defined in terms of gross domestic product (GDP), hours worked and capital services. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to...