Definition of HICP abbreviation from the Oxford Advanced Learner's Dictionary



BrE BrE//ˌeɪtʃ aɪ siː ˈpiː//
; NAmE NAmE//ˌeɪtʃ aɪ siː ˈpiː//
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harmonized index of consumer prices (a list of the prices of some ordinary goods and services which shows how much these prices change each month. It is used by the European Central Bank and began to be used in the UK in 2003, where it is called the Consumer Price Index.)