Harmonized Index of Consumer Prices (HICP)

Legal basis
Legal basis for conducting this statistical survey is Law on Official Statistics and Official Statistical System of Montenegro (Official Gazette of Montenegro 18/12 from 30 March 2012).

METHODOLOGICAL BASIS

Purpose of survey
The purpose of survey Harmonized Index of Consumer Prices (HICP) is the comparative measurement of inflation in Europe, as well as the estimation of monetary value stability in the Eurozone. Every EU country must produce the HICP index.

Coverage of survey
There is covered the consumption of all private households with permanent residence at the economic territory of a country. In selected towns, the shops are selected by the highest turnover of goods and services.

Data sources
The data sources of Harmonized Index of Consumer Prices are: retail stores (mini-markets, supermarkets, kiosks, and specialized shops), entrepreneurs, public companies, internet etc.

Obligation to protect individual data
Individual data on the natural or legal persons are confidential and constitutes an official secret in accordance with Article 56 of the Law on Official Statistics and Official Statistical System of Montenegro (Official Gazette of Montenegro 18/12).
For more details on published data, methodology, and releases please see the sections below.

Data Methodology Releases Forms

 

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