Hicp

Beginner Questions
1

Target is lower hicp or near 2%
“The primary goal of the ECB is to maintain price stability, defined as keeping the year on year increase HICP below but close to 2% for the medium term.[1]”

2

I want a reply please

3

[QUOTE=“princedodi;669572”]Target is lower hicp or near 2% “The primary goal of the ECB is to maintain price stability, defined as keeping the year on year increase HICP below but close to 2% for the medium term.[1]”[/QUOTE]

[QUOTE=“princedodi;669744”]I want a reply please[/QUOTE]

Which part requires a reply? You’ve asked no questions or anything.

5

Well, HICP indicator generally reflects a health of ECB economy - inflation and how stable the prices are. HICP known as harmonised index of consumer prices.

The excerpt from the report you cited means that ECB is going to try to maintain inflation on the level of 2% or lower.