BETA


1995/0009(CNS) Consumer price indices CPI: approximation

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON LULLING Astrid (icon: PPE PPE)
Committee Opinion ENVI COLLINS Kenneth D. (icon: PES PES)
Lead committee dossier:
Legal Basis:
EC before Amsterdam E 213

Events

2006/04/25
   EU - Implementing legislative act
Details

ACT: Council Regulation 701/2006/EC laying down detailed rules for the implementation of Regulation 2494/95/EC as regards the temporal coverage of price collection in the harmonised index of consumer prices.

CONTENT: this Regulation seeks to establish minimum standards for price collection periods in order to improve the comparability, reliability and relevance of HICPs.

Representation: The HICP is a sample statistic, which shall represent the average change in prices between the calendar month of the current index and the period to which it is compared.

Minimum standards for price collection: Price collection shall take place across at least a one working week period at, or near, the middle of the calendar month to which the index pertains. In cases where products typically show sharp and irregular price changes within the same month, price collection will take place over a period of more than one working week. The rules apply, in particular, to energy products and fresh food (such as fruit and vegetables).

The Regulation’s provisions will be implemented in December 2007, at the latest, and take effect with the index for January 2008.

ENTRY INTO FORCE: 29 May 2006.

2005/10/19
   EU - Implementing legislative act
Details

PURPOSE: to lay down detailed rules for the implementation of Council Regulation 2494/95/EC as regards the common index reference period for the harmonised index of consumer prices, and amending Regulation 2214/96/EC.

LEGISLATIVE ACT: Commission Regulation 1708/2005/EC.

CONTENT: The aim of this Regulation is to establish common rules for determining certain index reference periods in order to ensure that the resulting Harmonised Indices of Consumer Prices (HICPs) are comparable and relevant.

There shall be three types of common reference or base periods used in the construction of HICPs which may be chosen independently of each other, namely:

(a) The ‘weighting reference period’ is as defined in Article 2 of Commission Regulation 2454/97/EC.

(b) The ‘price reference period’ is the period from which the current price change is measured and for which prices are used as denominators in the index calculations; it refers to the prices used for the volume valuation in the HICP weights.

(c) The ‘index reference period’ is the period for which the index is set to 100 index points.

The HICP common index reference period shall be set at 2005 = 100. The full time series of the HICP all-item indices and subindices shall be rescaled to another common index reference period when deemed appropriate. Upon updates, the full time series of all HICPs and HICP sub-indices shall be rescaled to the common index reference period. The rescaling to the new index reference period shall take effect with the index for the January of the following calendar year.

The Commission (Eurostat) may update the index reference period after consulting the Statistical Programme Committee established by Decision 89/382/EEC, Euratom. Any additional COICOP/HICP sub-indices to be integrated within the HICP shall be linked in December at the level of 100 index points and take effect with the index for the following January.

ENTRY INTO FORCE: 09/11/2005.

1995/10/27
   Final act published in Official Journal
1995/10/23
   EP/CSL - Act adopted by Council after consultation of Parliament
1995/10/23
   EP - End of procedure in Parliament
1995/10/23
   CSL - Council Meeting
1995/07/14
   EP - Text adopted by Parliament, 1st reading/single reading
1995/07/14
   EP - Decision by Parliament, 1st reading/single reading
Documents
1995/07/13
   EP - Debate in Parliament
Details

According to Mrs LULLING (EPP, L), in order to measure the inflationist temperature it was essential to create a unique ‘thermometer’ by way of harmonised consumer price indices. This Regulation was therefore a framework law within which detailed rules could be laid down in the form of a regulation by the Commission. In spite of the fact that this Regulation went outside the qualified majority procedure, for which there was the ‘modus vivendi’ with the Council and the Commission, Parliament wanted to be more closely involved in this decision-making stage. Commissioner BRITTAN pointed out that the timetable for EMU provided for an initial stage of consumer price harmonisation in 1996. As regards the legal basis, the Commission considered that Article 213 of the Treaty was adequate and appropriate. Therefore, as Article 213 did not imply the codecision procedure provided for in ex-Article 189b, the Commission could not take over the amendments on the legal basis. The remaining six amendments could not be taken over as they were redundant or unimportant in relation to this Regulation.

1995/07/10
   CSL - Council Meeting
1995/06/19
   CSL - Debate in Council
Details

The Council noted that there was broad agreement on the draft, although certain aspects had yet to be finalised to enable the Regulation to be adopted at its next meeting, after receipt of the European Parliament’s opinion. The Regulation is needed in order to assess, on a uniform statistical basis, the progress made by Member States in fulfilling their obligations regarding the achievement of a high degree of price stability, which is an important criterion in the process of achieving EMU.

Documents
1995/06/19
   CSL - Council Meeting
1995/05/31
   ESC - Economic and Social Committee: opinion, report
Details

The Opinion endorsed the proposal for a regulation but pointed out that the statistical data omitted in the first stage should be included in the second stage (compilation of the harmonised consumer price index) so that the convergence criteria provided for in the EU Treaty could be assessed fairly. As regards the monetary union consumer price index, the ESC felt that the inclusion of a larger basket of products would enhance its value as a statistical instrument.

1995/05/15
   EP - Committee report tabled for plenary, 1st reading/single reading
1995/05/15
   EP - Vote in committee, 1st reading/single reading
1995/05/15
   EP - Committee report tabled for plenary, 1st reading/single reading
Documents
1995/04/03
   EP - Committee referral announced in Parliament, 1st reading/single reading
1995/01/25
   EP - LULLING Astrid (PPE) appointed as rapporteur in ECON
1995/01/18
   EP - COLLINS Kenneth D. (PES) appointed as rapporteur in ENVI
1995/01/09
   EC - Legislative proposal
1995/01/09
   EC - Legislative proposal published

Documents

History

(these mark the time of scraping, not the official date of the change)

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  • date: 1995-07-14T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0379/1995 body: EP type: Decision by Parliament, 1st reading/single reading
  • date: 1995-10-23T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 1874
  • date: 1995-10-23T00:00:00 body: EP type: End of procedure in Parliament
  • date: 1995-10-23T00:00:00 body: EP/CSL type: Act adopted by Council after consultation of Parliament
  • date: 1995-10-27T00:00:00 type: Final act published in Official Journal docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31995R2494 title: Regulation 1995/2494 url: http://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:1995:257:SOM:EN:HTML title: OJ L 257 27.10.1995, p. 0001
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council
  • body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 1874 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=1874*&MEET_DATE=23/10/1995 date: 1995-10-23T00:00:00
  • body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 1863 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=1863*&MEET_DATE=10/07/1995 date: 1995-07-10T00:00:00
  • body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 1856 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=1856*&MEET_DATE=19/06/1995 date: 1995-06-19T00:00:00
docs
  • date: 1995-01-09T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1994&nu_doc=674 title: EUR-Lex url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1995:084:TOC title: OJ C 084 06.04.1995, p. 0007 title: COM(1994)0674 summary: type: Legislative proposal body: EC
  • date: 1995-05-15T00:00:00 docs: url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1995:166:TOC title: OJ C 166 03.07.1995, p. 0003 title: A4-0114/1995 type: Committee report tabled for plenary, 1st reading/single reading body: EP
  • date: 1995-05-31T00:00:00 docs: url: https://dm.eesc.europa.eu/EESCDocumentSearch/Pages/redresults.aspx?k=(documenttype:AC)(documentnumber:0575)(documentyear:1995)(documentlanguage:EN) title: CES0575/1995 url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1995:236:SOM:EN:HTML title: OJ C 236 11.09.1995, p. 0011 summary: The Opinion endorsed the proposal for a regulation but pointed out that the statistical data omitted in the first stage should be included in the second stage (compilation of the harmonised consumer price index) so that the convergence criteria provided for in the EU Treaty could be assessed fairly. As regards the monetary union consumer price index, the ESC felt that the inclusion of a larger basket of products would enhance its value as a statistical instrument. type: Economic and Social Committee: opinion, report body: ESC
  • date: 1995-07-14T00:00:00 docs: url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1995:249:TOC title: OJ C 249 25.09.1995, p. 0200-0224 title: T4-0379/1995 summary: type: Text adopted by Parliament, 1st reading/single reading body: EP
  • date: 2005-10-19T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32005R1708 title: 32005R1708 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2005:274:TOC title: OJ L 274 20.10.2005, p. 0009-0010 summary: PURPOSE: to lay down detailed rules for the implementation of Council Regulation 2494/95/EC as regards the common index reference period for the harmonised index of consumer prices, and amending Regulation 2214/96/EC. LEGISLATIVE ACT: Commission Regulation 1708/2005/EC. CONTENT: The aim of this Regulation is to establish common rules for determining certain index reference periods in order to ensure that the resulting Harmonised Indices of Consumer Prices (HICPs) are comparable and relevant. There shall be three types of common reference or base periods used in the construction of HICPs which may be chosen independently of each other, namely: (a) The ‘weighting reference period’ is as defined in Article 2 of Commission Regulation 2454/97/EC. (b) The ‘price reference period’ is the period from which the current price change is measured and for which prices are used as denominators in the index calculations; it refers to the prices used for the volume valuation in the HICP weights. (c) The ‘index reference period’ is the period for which the index is set to 100 index points. The HICP common index reference period shall be set at 2005 = 100. The full time series of the HICP all-item indices and subindices shall be rescaled to another common index reference period when deemed appropriate. Upon updates, the full time series of all HICPs and HICP sub-indices shall be rescaled to the common index reference period. The rescaling to the new index reference period shall take effect with the index for the January of the following calendar year. The Commission (Eurostat) may update the index reference period after consulting the Statistical Programme Committee established by Decision 89/382/EEC, Euratom. Any additional COICOP/HICP sub-indices to be integrated within the HICP shall be linked in December at the level of 100 index points and take effect with the index for the following January. ENTRY INTO FORCE: 09/11/2005. type: Implementing legislative act body: EU
  • date: 2006-04-25T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32006R0701 title: 32006R0701 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2006:122:TOC title: OJ L 122 09.05.2006, p. 0003-0004 summary: ACT: Council Regulation 701/2006/EC laying down detailed rules for the implementation of Regulation 2494/95/EC as regards the temporal coverage of price collection in the harmonised index of consumer prices. CONTENT: this Regulation seeks to establish minimum standards for price collection periods in order to improve the comparability, reliability and relevance of HICPs. Representation: The HICP is a sample statistic, which shall represent the average change in prices between the calendar month of the current index and the period to which it is compared. Minimum standards for price collection: Price collection shall take place across at least a one working week period at, or near, the middle of the calendar month to which the index pertains. In cases where products typically show sharp and irregular price changes within the same month, price collection will take place over a period of more than one working week. The rules apply, in particular, to energy products and fresh food (such as fruit and vegetables). The Regulation’s provisions will be implemented in December 2007, at the latest, and take effect with the index for January 2008. ENTRY INTO FORCE: 29 May 2006. type: Implementing legislative act body: EU
events
  • date: 1995-01-09T00:00:00 type: Legislative proposal published body: EC docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1994&nu_doc=674 title: EUR-Lex title: COM(1994)0674 summary:
  • date: 1995-04-03T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 1995-05-15T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary:
  • date: 1995-05-15T00:00:00 type: Committee report tabled for plenary, 1st reading/single reading body: EP docs: title: A4-0114/1995
  • date: 1995-06-19T00:00:00 type: Debate in Council body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=1856*&MEET_DATE=19/06/1995 title: 1856 summary: The Council noted that there was broad agreement on the draft, although certain aspects had yet to be finalised to enable the Regulation to be adopted at its next meeting, after receipt of the European Parliament’s opinion. The Regulation is needed in order to assess, on a uniform statistical basis, the progress made by Member States in fulfilling their obligations regarding the achievement of a high degree of price stability, which is an important criterion in the process of achieving EMU.
  • date: 1995-07-13T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950713&type=CRE title: Debate in Parliament summary: According to Mrs LULLING (EPP, L), in order to measure the inflationist temperature it was essential to create a unique ‘thermometer’ by way of harmonised consumer price indices. This Regulation was therefore a framework law within which detailed rules could be laid down in the form of a regulation by the Commission. In spite of the fact that this Regulation went outside the qualified majority procedure, for which there was the ‘modus vivendi’ with the Council and the Commission, Parliament wanted to be more closely involved in this decision-making stage. Commissioner BRITTAN pointed out that the timetable for EMU provided for an initial stage of consumer price harmonisation in 1996. As regards the legal basis, the Commission considered that Article 213 of the Treaty was adequate and appropriate. Therefore, as Article 213 did not imply the codecision procedure provided for in ex-Article 189b, the Commission could not take over the amendments on the legal basis. The remaining six amendments could not be taken over as they were redundant or unimportant in relation to this Regulation.
  • date: 1995-07-14T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: title: T4-0379/1995 summary:
  • date: 1995-10-23T00:00:00 type: Act adopted by Council after consultation of Parliament body: EP/CSL
  • date: 1995-10-23T00:00:00 type: End of procedure in Parliament body: EP
  • date: 1995-10-27T00:00:00 type: Final act published in Official Journal docs: title: Regulation 1995/2494 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31995R2494 title: OJ L 257 27.10.1995, p. 0001 url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:1995:257:SOM:EN:HTML
other
  • body: CSL type: Council Meeting council: Former Council configuration
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ECON/4/06470
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  • ECON/4/06470
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procedure/instrument
Old
Regulation
New
  • Regulation
  • Repealed by 2014/0346(COD)
procedure/subject
Old
  • 5.10.02 Price policy, price stabilisation
New
5.10.02
Price policy, price stabilisation
procedure/summary
  • Repealed by
links/European Commission/title
Old
PreLex
New
EUR-Lex
procedure/summary
  • Repealed by
activities
  • date: 1995-01-09T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1994&nu_doc=674 title: COM(1994)0674 type: Legislative proposal published celexid: CELEX:51994PC0674:EN body: EC type: Legislative proposal published commission:
  • date: 1995-04-03T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 1995-01-25T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PPE name: LULLING Astrid body: EP responsible: False committee: ENVI date: 1995-01-18T00:00:00 committee_full: Environment, Public Health and Consumer Protection rapporteur: group: PSE name: COLLINS Kenneth D.
  • body: EP committees: body: EP responsible: True committee: ECON date: 1995-01-25T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PPE name: LULLING Astrid body: EP responsible: False committee: ENVI date: 1995-01-18T00:00:00 committee_full: Environment, Public Health and Consumer Protection rapporteur: group: PSE name: COLLINS Kenneth D. docs: type: Committee report tabled for plenary, 1st reading/single reading title: A4-0114/1995 date: 1995-05-15T00:00:00 type: Vote in committee, 1st reading/single reading
  • body: CSL meeting_id: 1856 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=1856*&MEET_DATE=19/06/1995 type: Debate in Council title: 1856 council: Economic and Financial Affairs ECOFIN date: 1995-06-19T00:00:00 type: Council Meeting
  • date: 1995-07-10T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 1863
  • date: 1995-07-13T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950713&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament
  • date: 1995-07-14T00:00:00 docs: type: Decision by Parliament, 1st reading/single reading title: T4-0379/1995 body: EP type: Decision by Parliament, 1st reading/single reading
  • date: 1995-10-23T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 1874
  • date: 1995-10-23T00:00:00 body: EP type: End of procedure in Parliament
  • date: 1995-10-23T00:00:00 body: EP/CSL type: Act adopted by Council after consultation of Parliament
  • date: 1995-10-27T00:00:00 type: Final act published in Official Journal docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31995R2494 title: Regulation 1995/2494 url: http://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:1995:257:SOM:EN:HTML title: OJ L 257 27.10.1995, p. 0001
committees
  • body: EP responsible: True committee: ECON date: 1995-01-25T00:00:00 committee_full: Economic and Monetary Affairs, Industrial Policy rapporteur: group: PPE name: LULLING Astrid
  • body: EP responsible: False committee: ENVI date: 1995-01-18T00:00:00 committee_full: Environment, Public Health and Consumer Protection rapporteur: group: PSE name: COLLINS Kenneth D.
links
European Commission
other
  • body: CSL type: Council Meeting council: Former Council configuration
procedure
dossier_of_the_committee
ECON/4/06470
reference
1995/0009(CNS)
subtype
Legislation
legal_basis
EC before Amsterdam E 213
stage_reached
Procedure completed
instrument
Regulation
title
Consumer price indices CPI: approximation
type
CNS - Consultation procedure
final
subject
5.10.02 Price policy, price stabilisation