2021 HICP weights and their implications for the measurement of inflation

Eduardo Gonçalves, Lukas Henkel, Omiros Kouvavas, Mario Porqueddu and Riccardo Trezzi ()

Economic Bulletin Boxes, 2021, vol. 2

Abstract: The coronavirus (COVID-19) pandemic triggered significant changes in household spending in 2020. These shifts are reflected in the 2021 HICP weights, and consequently, also in measured annual inflation. The impact of these new HICP weights on annual inflation is not insignificant and is also heterogenous across countries. Looking ahead, the full impact will most likely only materialise over the course of the year as the relative prices gradually change. JEL Classification: E31, E32

Keywords: Economic activity; euro area; inflation (search for similar items in EconPapers)
Date: 2021-03
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