Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the … likely to be relevant for the euro area HICP as well but cannot be quantified due to data constraints. Compilers might …

change of the Harmonised Index of Consumer Prices (HICP), into the aggregate price change, keeping weights constant at the … previous year’s level, and a weighting component. We discuss this decomposition against the backdrop of the HICP concept … HICP inflation of these countries. The empirical evidence shows a close relationship between weighting and quantity effects …