What is the main measure of inflation used by the European Central Bank?
Consumer Price Index
Producer Price Index
Gross Domestic Product
Eurozone Harmonized Index of Consumer Prices
Answer
The European Central Bank uses the Eurozone Harmonized Index of Consumer Prices (HICP) as its main measure of inflation. The HICP is a measure of the change in the prices of consumer goods and services over time and is used by the ECB to assess price stability within the Eurozone.
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