September 01, 2012
International Indexes of Consumer Prices
"Harmonized indexes of consumer prices (HICP) are an internationally comparable measure of consumer price inflation, which covers all households in each country and excludes owner-occupied housing costs. HICP measures conform, insofar as possible, to the conceptual basis of the European Union's Harmonized Index of Consumer Prices. For more information, see the section on Technical Notes. In June 2012, HICP monthly percent change from the previous year increased in 13 of the 16 countries compared. Italy experienced the highest growth. Norway had no change. Switzerland and Japan were the only two to have declines. For 2011, HICP increased in 15 of the 16 countries compared. The United Kingdom had the highest inflation followed by the United States. Japan had the lowest HICP. In this report data for each country or area are presented as indexes and average annual growth rates from 1998 to 2012."