The monetary value of expenditure by private households as determined by official statistics and broken down by groups of goods in the price index of the standard of living. – See procurement shifts, Harmonized Index of Consumer Prices, inflation measurement, composition effect, quality changes. – See the annex “Euro area statistics” to the respective ECB Monthly Bulletin, heading “Prices, output, demand and labor markets,” subheading “HICP, other price and cost measures.”
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