Search Legislation

Regulation (EU) 2016/792 of the European Parliament and of the CouncilShow full title

Regulation (EU) 2016/792 of the European Parliament and of the Council of 11 May 2016 on harmonised indices of consumer prices and the house price index, and repealing Council Regulation (EC) No 2494/95 (Text with EEA relevance)

 Help about what version

What Version

 Help about opening options

Opening OptionsExpand opening options

 Help about UK-EU Regulation

Legislation originating from the EU

When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.

Status:

This is the original version as it was originally adopted in the EU.
This legislation may since have been updated - see the latest available (revised) version

Article 3Compilation of the harmonised indices

1.Member States shall provide the Commission (Eurostat) with the harmonised indices as defined in point (12) of Article 2.

2.The harmonised indices shall be annually chain-linked Laspeyres-type indices.

3.The HICP and the HICP-CT shall be based on the price changes and weights of products included in the household final monetary consumption expenditure.

4.Neither the HICP nor the HICP-CT shall cover transactions between households, except in the case of rentals paid by tenants to private landlords, where the latter act as market producers of services purchased by households (tenants).

5.The OOH price index shall be compiled, where possible and provided that the data are available, for the 10 years preceding the entry into force of this Regulation.

6.Sub-indices of the HICP and of the HICP-CT shall be compiled for the categories of ECOICOP. The Commission shall adopt implementing acts specifying uniform conditions for the application of the ECOICOP for the purpose of the HICP and the HICP-CT. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

7.By 31 December 2018, the Commission shall prepare a report which shall address the suitability of the OOH price index for integration into the HICP coverage. Depending on the results of the report, the Commission shall, where appropriate, submit, within a reasonable timeframe, a proposal for amending this Regulation with regard to integrating the OOH price index into the HICP coverage. If the report establishes that further methodological developments are required for the integration of the OOH price index into the HICP coverage, the Commission shall pursue the methodological work and report to the European Parliament and to the Council on that work, as appropriate.

8.The Commission shall adopt implementing acts specifying the breakdown of the flash estimate of the HICP provided by Member States whose currency is the euro. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

9.The Commission shall adopt implementing acts specifying the breakdowns of the OOH price index and of the HPI. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

10.Each year, Member States shall update sub-index weights for the harmonised indices. The Commission shall adopt implementing acts specifying uniform conditions for the quality of weights of the harmonised indices. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

Back to top

Options/Help