Harmonized Indexes of Consumer Prices, eight countries or areas, 1996-2007 Table A. Annual indexes: 2005 = 100 Table B. Average annual percent change These indexes and percent changes conform, insofar as possible, to the conceptual basis of the European Union's Harmonized Index of Consumer Prices (HICP). The HICP is the standard price index that EU Member States must produce for comparisons across countries. It is used by the European Central Bank for the conduct of monetary policy in the euro area. The index covers all households in each country and excludes owner-occupied housing costs. The data for the United States are an "experimental" Bureau of Labor Statistics (BLS) series adjusted to the concepts of the EU HICP in that they are expanded to cover the entire (non-institutional) population and narrowed to remove owner-occupied housing costs that the HICP excludes from its scope. These U.S. data are produced outside of regular BLS production systems and, consequently, with less than full production quality. For more information see "Comparing U.S. and European inflation: the CPI and the HICP," on the Internet at https://www.bls.gov/opub/mlr/2006/05/art3full.pdf. The data for Japan on this table refer to the published "General, excluding imputed rent" CPI which covers households with two or more persons in the entire country and excludes owner-occupied housing costs. The data shown on this table for the United States and Japan have not been otherwise adjusted for comparability. Differences may exist, for example, with respect to the frequency of market basket weight changes, aggregation methods, and quality adjustments. Percent change in table B is computed using the compound rate method. The figures may differ from official percent changes published by national statistical agencies because of rounding. Prepared by: U.S. Department of Labor, Bureau of Labor Statistics, Division of Foreign Labor Statistics, June 27, 2008. Table A. Harmonized Indexes of Consumer Prices, eight countries or areas, 1996-2007 1 Annual indexes: 2005 = 100 ------------------------------------------------------------------------------------------ United Japan European Euro France Germany Italy United Years States Union area Kingdom (1) (2) ------------------------------------------------------------------------------------------ 1996 101.8 84.9 84.6 86.6 88.6 81.8 88.1 1997 103.4 86.4 85.9 87.8 90.0 83.3 89.7 1998 104.1 87.5 86.9 88.3 90.5 85.0 91.1 1999 103.7 88.5 87.9 88.8 91.1 86.4 92.3 2000 102.8 90.2 89.7 90.5 92.4 88.6 93.1 2001 101.8 92.2 91.8 92.1 94.1 90.7 94.2 2002 91.6 100.7 94.1 93.9 93.9 95.4 93.1 95.4 2003 93.7 100.4 96.0 95.8 95.9 96.4 95.7 96.7 2004 96.3 100.4 97.9 97.9 98.1 98.1 97.8 98.0 2005 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 2006 103.2 100.3 102.2 102.2 101.9 101.8 102.2 102.3 2007 105.9 100.4 104.6 104.4 103.6 104.1 104.3 104.7 ------------------------------------------------------------------------------------------ See notes at end of tables. Table B. Harmonized Indexes of Consumer Prices, eight countries or areas, 1996-2007 2 Average annual percent change ----------------------------------------------------------------------------------------------- United Japan European Euro France Germany Italy United Years States Union area Kingdom (1) (2) ----------------------------------------------------------------------------------------------- 1996-2007 -0.1 1.9 1.9 1.6 1.5 2.2 1.6 1996-2001 0.0 1.7 1.6 1.2 1.2 2.1 1.3 2002-2007 3.0 -0.1 2.1 2.1 2.0 1.8 2.3 1.9 1996-1997 1.6 1.7 1.6 1.3 1.6 1.8 1.8 1997-1998 0.7 1.3 1.1 0.7 0.6 2.0 1.6 1998-1999 -0.4 1.2 1.1 0.6 0.7 1.6 1.3 1999-2000 -0.9 1.9 2.1 1.8 1.4 2.5 0.9 2000-2001 -1.0 2.2 2.4 1.8 1.8 2.4 1.2 2001-2002 -1.1 2.1 2.2 1.9 1.4 2.6 1.3 2002-2003 2.3 -0.3 2.0 2.1 2.2 1.0 2.8 1.4 2003-2004 2.8 0.0 2.0 2.1 2.3 1.8 2.2 1.3 2004-2005 3.9 -0.4 2.2 2.2 1.9 1.9 2.2 2.0 2005-2006 3.2 0.3 2.2 2.2 1.9 1.8 2.2 2.3 2006-2007 2.6 0.1 2.3 2.1 1.6 2.3 2.1 2.3 ----------------------------------------------------------------------------------------------- See notes at end of tables. Harmonized Indexes of Consumer Prices, eight countries or areas, 1996-2007 3 ------------------------------------------------------------------------------------------ Endnotes (1) Data for the European Union refer to the European Index of Consumer Prices (EICP), the official series published by Eurostat for the European Union (EU) member countries. The composition of the EU has changed over the years. As EU membership expands, data for new member countries are linked to this moving coverage series. Thus, the EU index changes its geographical coverage according to the composition of the EU during the period to which the data refer. The EU index for 2007 is the household expenditure-weighted average for the following 27 countries: Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom. For analytical purposes, Eurostat also makes available historical series covering all the current EU countries. (2) Data for the euro area refer to the Monetary Union Index of Consumer Prices (MUICP), the official series published by Eurostat for the EU member countries that have adopted the euro as the common currency. The composition of the euro area has changed over the years. As the euro area expands, data for new member countries are linked to this moving coverage series. Thus, the euro area index changes its geographical coverage according to the composition of the euro area during the period to which the data refer. The index for this group for 2007 is the household expenditure-weighted average for the following 13 countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, and Spain. For analytical purposes, Eurostat also makes available historical series covering all the current euro area countries.