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New features in the Harmonised Index of Consumer Prices: analytical groups, scanner data and web-scraping

Author

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  • Eiglsperger, Martin

Abstract

Harmonised consumer price indices (HICPs) for food, industrial goods, services and energy are measures the ECB uses for its more detailed analysis of inflation in the euro area. With the release of HICPs for January 2019, these analytical groups – special aggregates – have been improved. They are now calculated from a more detailed classification of products. Another recent enhancement is the extended use of price data collected in form of supermarket scanner data and via web-scraping. JEL Classification: C82, E31

Suggested Citation

  • Eiglsperger, Martin, 2019. "New features in the Harmonised Index of Consumer Prices: analytical groups, scanner data and web-scraping," Economic Bulletin Boxes, European Central Bank, vol. 2.
    • Handle: RePEc:ecb:ecbbox:2019:0002:4
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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2019/html/ecb.ebbox201902_04~f7cc862940.en.html
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    Citations

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    Cited by:

    1. Anderton, Robert & Jarvis, Valerie & Labhard, Vincent & Morgan, Julian & Petroulakis, Filippos & Vivian, Lara, 2020. "Virtually everywhere? Digitalisation and the euro area and EU economies," Occasional Paper Series 244, European Central Bank.
    2. Giuseppe Bruno & Hiren Jani & Rafael Schmidt & Bruno Tissot, 2020. "Computing platforms for big data analytics and artificial intelligence," IFC Reports 11, Bank for International Settlements.
    3. Marconi Gabriele, 2022. "Content removal bias in web scraped data: A solution applied to real estate ads," Open Economics, De Gruyter, vol. 5(1), pages 30-42, January.

    More about this item

    Keywords

    Harmonised Index of Consumer Prices; scanner data; special aggregates; web-scraping;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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