Leonardo Badea (BNR): On the evolution of HICP and GDP deflator – measurements and policy implications
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Generally, when discussing price developments in a broad sense, the public thinks of inflation developments, which denote the annual change in the consumer price index (or the harmonized index of consumer prices – HICP, according to the European methodology). Thus, the consumer price index (simple or harmonized) reflects the price developments for a representative basket of goods and services, weighted according to the structure of household consumption. Another index for price developments in
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