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The harmonised index of consumer prices (HICP) is a consumer price index that is compiled according to a common methodology. It measures the change over time in the prices of consumer goods and services acquired by households and thus inflation. Because of the common methodology, the HICPs of the individual countries and of the European aggregates can be directly compared.
The HICP is compiled following a series of techniques, such as the use of a single classification system (ECOICOP ver.2), the choice of the formula for the calculation of individual indices, the geographical and population coverage, the coverage of goods and services and the common base year (2025=100), etc. The methodology is similar to that of the national CPI, with the main differences being (a) the inclusion of foreign visitors' expenditure in the weights of the HICP only and (b) the weights of the HICP are reviewed annually while the weights of the national CPI are reviewed less frequently.
The HICP covers the final monetary consumption expenditure of the household sector by both resident and non-resident households. More specifically, it covers prices of goods and services in Nicosia, Larnaca, Limassol and Paphos. For each city, the monthly price fluctuations per product and service are weighted according to the population. Prices are recorded on predetermined dates within the month, except fruits, vegetables and fuels, for which prices are collected on a weekly basis.
Monthly
The HICP is disseminated according to pre-announced dates included in the release calendar on the web Portal of the Statistical Service. It is published through a relevant press release, while at the same time the data are updated in the online database CYSTAT-DB on CYSTAT's web Portal.
Price indices: monthly and annual evolution of the index and of the main categories according to the ECOICOP ver.2 classification; comparison with corresponding month and the corresponding period of the previous year; monthly and annual timeseries with base year 2025.
European classification of individual consumption according to purpose (ECOICOP ver.2).
Council Regulation (EC) No 2016/792 sets the legal basis for establishing a harmonised methodology for the compilation of the HICP and HPI.
17/06/2026