the HICPnoun [ S ]
ukusECONOMICSabbreviation for harmonized index of consumer prices: a series of numbers that is used in many European countries to show how fast prices are rising. The HICP is not based on the same products and services as the CPI, the main index used in the UK:
The HICP figure remains well below the 2% ceiling set by the European Central Bank.
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CPI