BETA


2014/0346(COD) Harmonised indices of consumer prices and house price index

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON GUALTIERI Roberto (icon: S&D S&D) MARTUSCIELLO Fulvio (icon: PPE PPE), SWINBURNE Kay (icon: ECR ECR), GOULARD Sylvie (icon: ALDE ALDE), VIEGAS Miguel (icon: GUE/NGL GUE/NGL), EICKHOUT Bas (icon: Verts/ALE Verts/ALE), VALLI Marco (icon: EFDD EFDD)
Committee Opinion IMCO
Lead committee dossier:
Legal Basis:
TFEU 338-p1

Events

2016/05/24
   Final act published in Official Journal
Details

PURPOSE: to lay down a common framework for the development of harmonised indices of consumer prices and of the house price index (HPI).

LEGISLATIVE ACT: Regulation (EU) 2016/792 of the European Parliament and of the Council on harmonised indices of consumer prices and the house price index, and repealing Council Regulation (EC) No 2494/95

CONTENT: the Regulation establishes a common framework for the development, production and dissemination of harmonised indices of consumer prices (HICP, HICP-CT, OOH price index) and of the house price index (HPI) at Union and national level.

The harmonised index of consumer prices (HICP) is designed to measure inflation in a harmonised manner across Member States. Price statistics of high quality and comparability are essential for those responsible for public policy in the Union, researchers and all European citizens.

The new Regulation adapts the legal framework laid down in Council Regulation (EC) No 2494/95 to current requirements and technical progress, thereby further improving the relevance and comparability of harmonised indices of consumer prices and the HPI. It establishes rules regarding:

· the compilation of the harmonised indices;

· the comparability of the harmonised indices

· the frequency and the time limits for providing harmonized indices to the Commission.

Requirements on data: basic information collected by Member States for the harmonised indices and their sub-indices shall be representative at Member State level.

Member States shall not be required to produce the following sub-indices , either because they are not included in the household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM).

Pilot studies : whenever improved basic information is required for the compilation of the harmonised indices, or when the need for improved comparability of the harmonised indices is identified, the Commission (Eurostat) may launch pilot studies, to be carried out on a voluntary basis by Member States. The general budget of the Union shall, where appropriate, contribute to the financing of such pilot studies.

By 31 December 2020 and every five years thereafter, the Commission shall submit a report to the European Parliament and the Council evaluating, if applicable, the main findings of the pilot studies.

Delegated acts and implementing measures : the Regulation also takes account of the new provisions introduced in the Treaty of Lisbon on the decision-making process of the Union, which give the Commission (as Eurostat) the power to adopt implementing measures or legislative measures for the purpose of amending non-essential elements of a regulation (delegated acts).

In adopting implementing measures and delegated acts, the Commission should consider, where appropriate, cost-effectiveness and ensure that those measures and acts do not impose a significant additional burden on Member States or respondents.

ENTRY INTO FORCE: 13.6.2016.

APPLICATION: the Regulation shall apply for the first time to data relating to January 2017.

DELEGATED ACTS: the Commission may adopt delegated acts in order to: (i) amend Annex I, in order to ensure comparability of the harmonised indices at international level; (ii) take account of technical developments in the statistical methods in the production of harmonized indices; (iii) include games of chance in the HICP and the HICP-CT. The power to adopt such acts is conferred on the Commission for a period of five years from 13 June 2016 (which may be tacitly extended for the same period). The European Parliament or Council may raise objections to a delegated act within three months of the date of notification (which may be extended by three months). If Parliament or Council raise objections, the delegated act may not enter into force.

2016/05/11
   CSL - Draft final act
Documents
2016/05/11
   CSL - Final act signed
2016/05/11
   EP - End of procedure in Parliament
2016/04/21
   EP/CSL - Act adopted by Council after Parliament's 1st reading
2016/04/19
   EC - Commission response to text adopted in plenary
Documents
2016/03/08
   EP - Results of vote in Parliament
2016/03/08
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 575 votes to 100, with 30 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95.

Parliament’s position, adopted at first reading following the ordinary legislative procedure, amended the Commission proposal as follows:

Objective : the amended Regulation stated that price statistics of high quality and comparability are essential for those responsible for public policy in the Union, researchers and all European citizens.

This Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices ( HICP , Harmonised Index of Consumer Prices at constant tax rates - HICP-CT , Owner-Occupied Housing - OOH price index) and of the house price index ( HPI ) at Union and national level.

Compilation of harmonised indices : the amended text stipulated that neither the HICP nor the HICP-CT shall cover transactions between households, except in the case of rentals paid by tenants to private landlords, where the latter act as market producers of services purchased by households (tenants).

OOH indices shall be compiled, where possible and provided that the data is available, for the 10 years preceding the entry into force of this Regulation.

By 31 December 2018, the Commission shall prepare a report which shall address the suitability of the OOH price index for integration into the HICP coverage.

Depending on the outcome of the report on the suitability of the owner-occupied housing indices for integration into HICP coverage, the Commission may adopt, within one year of the publication of that report, a delegated act to integrate the OOH index into the HICP.

Comparability of the harmonised indices : the Commission shall be empowered to adopt delegated acts for the amendment of the Annex I in order to ensure comparability at international level of the breakdown of HICP by ECOICOP categories. The ECOICOP should also be consistent with the UN COICOP, which is the international standard classifying individual consumption according to purpose, therefore the ECOICOP should be adapted to align it with changes to the UN COICOP.

In order to ensure uniform conditions of implementation , and for the purposes of achieving the objectives of this Regulation, further details for producing comparable harmonised indices shall be defined by means of implementing acts. Such implementing acts shall concern: (i) sampling and representativity; (ii) collection and treatment of prices; (iii) replacements and quality adjustment; (iv) index compilation; (v) revisions; (vi) special indices; (vii) treatment of products in specific areas.

In order to ensure adaptation to changes to the UN COICOP, to amend the list of items regulated by implementing acts by adding items in order to take account of technical developments in the statistical methods and based on the evaluation of pilot studies, the power to adopt acts should be delegated to the Commission.

Data requirements : Member States shall collect basic information representative of their country in order to produce harmonised indices and their sub-indices.

The amended text stipulated that the sub-indices of ECOICOP that are not required to be produced by the Member States, either because they do not cover household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient, shall be as follows: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM).

The Commission shall be empowered to adopt delegated acts to modify the list set out above in order to include games of chance in the HICP and the HICP-CT.

Deadlines, exchange standards and revisions : Member States shall provide the Commission (Eurostat) with the harmonised indices and all sub-indices by no later than: (a) 15 calendar days for the February to December indices, and 20 calendar days for the January indices, after the end of the month for which the indices are calculated; and (b) 85 calendar days after the end of the quarter for which the indices are calculated.

Member States shall provide the Commission (Eurostat) with the updated weights by no later than the 13 February each year for the monthly indices and the 15 June each year for the quarterly indices.

Member States whose currency is the euro shall provide the Commission (Eurostat) with the flash estimate of the HICP no later than the penultimate calendar day of the month to which the flash estimate refers.

Pilot studies : the Commission (Eurostat) may launch pilot studies, to be carried out on a voluntary basis by Member States. They shall assess the feasibility and costs of obtaining improved data quality and composition of basic information or adopting new methodological approaches. The general budget of the Union shall, where appropriate, contribute to the financing of pilot studies. By 31 December 2020 and every five years thereafter, the Commission shall submit a report to the European Parliament and the Council evaluating, if applicable, the main findings of the pilot studies.

Delegated acts and implementing measures : in adopting implementing measures and delegated acts in accordance with this Regulation, the Commission should consider, where appropriate, cost-effectiveness and ensure that those measures and acts do not impose a significant additional burden on Member States or respondents.

Documents
2016/02/18
   EP - Approval in committee of the text agreed at 1st reading interinstitutional negotiations
Documents
2015/10/27
   EP - Committee report tabled for plenary, 1st reading/single reading
Details

The Committee on Economic and Monetary Affairs adopted the report by Roberto GUALTIERI (S&D, IT) on the proposal for a regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95.

The committee recommended that the European Parliament’s position at first reading following the ordinary legislative procedure should amend the Commission proposal as follows:

Subject matter : this Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices ( HICP, HICP-CT, OOH price index ) and of the house price index (HPI) at Union, national and sub-national level.

Compilation of harmonised indices : the amended text stipulated that neither the HICP nor the HICP-CT shall cover transactions between households, except in the case of rentals paid by tenants to private landlords, where the latter act as market producers of services purchased by households (tenants).

OOH indices shall be compiled, where possible and provided that the data is available, for the 10 years preceding the entry into force of this Regulation.

Depending on the outcome of the report on the suitability of the owner-occupied housing indices for integration into HICP coverage as provided for in Regulation EU) No 93/2013 , the Commission may adopt, within one year of the publication of that report, a delegated act to integrate the OOH index into the HICP.

Comparability of the harmonised indices : the Commission shall be empowered to adopt delegated acts for the amendment of the Annex in order to ensure comparability at international level of the breakdown of HICP by ECOICOP categories.

In order to ensure uniform conditions of implementation, and for the purposes of achieving the objectives of this Regulation, further details for producing comparable harmonised indices shall be defined by means of implementing acts. Such implementing acts shall concern: (i) sampling and representativity; (ii) collection and treatment of prices; (iii) replacements and quality adjustment; (iv) index compilation; (v) revisions; (vi) special indices; (vii) treatment of products in specific areas.

Data requirements : Member States shall collect basic information representative of their country in order to produce harmonised indices and their sub-indices.

The amended text stipulated that the sub-indices of ECOICOP that are not required to be produced by the Member States , either because they do not cover household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient, shall be as follows: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM).

In the event that the degree of methodological harmonisation improves sufficiently, the Commission shall be empowered to adopt delegated acts in order to remove one or more sub-indices listed.

Deadlines, exchange standards and revisions : Member States shall provide the update weights for the monthly indices no later than 13 February each year. The updated weights for the quarterly indices shall be provided no later than 15 June each year.

The text stressed that early provisional information on the monthly Harmonised indices of consumer prices (HICP) in the form of flash estimates is crucial for monetary policy in the euro area. Therefore flash estimates should be provided by Member States in the euro area whenever necessary .

Each Member State in the euro area shall provide a flash estimate of the HICP not later than the penultimate calendar day of the month to which the HICP refers.

Pilot studies : these studies shall assess the feasibility and costs of obtaining improved data quality and composition of basic information or adopting new methodological approaches.

The general budget of the Union shall , where appropriate, contribute to the financing of pilot studies.

Based on the evaluation of the pilot studies, the Commission shall be empowered to adopt delegated acts in order to supplement this Regulation.

Delegated acts : delegated acts shall not impose a significant additional burden on Member States, nor on the respondent units. A cost-effect analysis should be fully considered when adopting and implementing those delegated acts.

Documents
2015/10/13
   EP - Vote in committee, 1st reading/single reading
2015/10/13
   EP - Committee decision to open interinstitutional negotiations with report adopted in committee
2015/09/08
   EP - Amendments tabled in committee
Documents
2015/07/08
   EP - Committee draft report
Documents
2015/03/13
   ECB - European Central Bank: opinion, guideline, report
Details

Opinion of the European Central Bank (ECB) on a proposal for a regulation of the European Parliament and the Council on harmonised indices of consumer prices and repealing Council Regulation (EC) No 2494/95.

On 17 December 2014, the ECB received a request from the European Parliament for an opinion on this proposal. On 26 January 2015, the ECB was consulted on the same proposal by the Council of the European Union.

The proposed regulation lies within the ECB’s fields of competence as the ECB is a key user of HICP statistics. Harmonised indices of consumer prices are important indicators in the context of monetary policy. They are of crucial importance to the ECB’s primary objective of maintaining price stability in the euro area.

The ECB supports the efforts undertaken by the European Commission (Eurostat) concerning the review and modernisation of the Union legal framework for compilation of HICP statistic.

It made the following remarks:

Consultation of the ECB : the ECB is to be consulted on any implementing and delegated acts, which the Commission may adopt under the revised legal framework for the HICP. The proposed regulation should reflect the ECB’s competence to be consulted on implementing and delegated acts adopted under the proposed regulation.

Use of delegated and implementing acts :

Regarding the Commission’s power to adopt delegated acts, the ECB considers the threshold below which there is no obligation for Member States to provide sub-indices of harmonised indices, and the list of sub-indices that need not be produced by Member States to be essential elements of the proposed regulation. These items are fundamental to ensure sound and harmonised consumer price indices. These issues should be decided and laid down in the proposed regulation.

The ECB supports the proposed Article 5(1) in connection with Article 2(q) on the collection of information about ‘administered prices’ as part of the ‘basic information’ that should be provided with reference to HICPs (and HICPs at constant tax rates). For indices that refer to, or exclude administered prices, the ECB would welcome if the Commission would provide guidance ensuring the harmonised definition and application of these concepts in an implementing act.

Methodological issues :

Article 4(2)(b) of the proposed regulation introduces a wider margin for systematic differences in annual growth rates of the owner-occupied housing price index (OOH-price index) and of the house price index (HPI) that may result from deviations from the concepts or methods laid down in the proposed Regulation. While Commission Regulation (EU) No 93/2013 is silent on this issue, the ECB strongly suggests applying the standard of 0.1 percentage points that is used for assessing the comparability of sub-indices.

The production of sub-indices at intervals less frequent than required by the proposed regulation should remain subject to prior approval by the Commission (Eurostat).

2015/02/25
   AT_BUNDESRAT - Contribution
Documents
2015/01/13
   EP - GUALTIERI Roberto (S&D) appointed as rapporteur in ECON
2014/12/15
   EP - Committee referral announced in Parliament, 1st reading/single reading
2014/12/09
   EC - Legislative proposal published
Details

PURPOSE: to establish a common legal framework for the production of harmonised indices by Member States.

PROPOSED ACT: Regulation of the European Parliament and of the Council.

ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.

BACKGROUND: harmonised indices of consumer prices (HICP) are designed to measure inflation in a harmonised manner across Member States. The Commission and the European Central Bank use the HICP in their assessment of price stability in Member States under Article 140 of the Treaty on the Functioning of the European Union.

Harmonised consumer price indices are essential for assessing and measuring: (i) convergence in terms of price stability within the EU ; and (ii) the results of euro area monetary policy , in terms of achieving the objective of price stability.

In October 1995, a Council Regulation on harmonised indices of consumer prices (HICP) was drafted and adopted, followed by 20 implementing regulations in the following 17 years.

Certain parameters have changed since the adoption of the original framework: (i) the development of the European Statistical System (ESS); (ii) the technical aspects of data collection and index compilation have changed dramatically due to the rapid rate of technological progress in recent years; (iii) the Lisbon Treaty established a new comitology set-up.

These various changes all necessitate redrafting of the legislation on HICP so as to modernise and rationalise the legal basis and adapt it to today’s needs, both actual and potential.

CONTENT: the objective of this proposal is to establish a common legal framework for the production of harmonised indices by Member States, which involves collecting, compiling, processing and submitting harmonised consumer price indices.

The proposal for a revised HICP Regulation seeks to create a single legal measure covering all uniform conditions. It would combine the different implementing regulations into a single one, which would give stakeholders and Member States greater clarity and make administration easier and more effective.

This proposal simplifies and clarifies the requirements for the compilation of these indices. It enshrines the principles of the European Statistics Code of Practice relating to commitment to quality, sound methodology, cost-effectiveness, relevance, accuracy, reliability, coherence and comparability.

DELEGATED ACTS: the proposal contains provisions empowering the Commission to adopt delegated acts in accordance with Article 290 of the treaty on the Functioning of the European Union.

Documents

Activities

Votes

A8-0313/2015 - Roberto Gualtieri - Résolution législative

2016/03/08 Outcome: +: 575, -: 100, 0: 30
DE PL ES RO GB FR BE IT HU BG AT CZ SE PT SK NL LT FI HR EL DK LV SI LU MT EE IE CY
Total
94
48
51
31
67
64
21
70
19
15
18
21
19
20
12
23
10
12
10
21
11
8
7
6
6
5
10
6
icon: PPE PPE
204
2

Denmark PPE

For (1)

1

Luxembourg PPE

3

Estonia PPE

For (1)

1
icon: S&D S&D
181
3

Netherlands S&D

3

Croatia S&D

2

Latvia S&D

1

Luxembourg S&D

For (1)

1

Malta S&D

3

Estonia S&D

For (1)

1

Ireland S&D

For (1)

1

Cyprus S&D

2
icon: ALDE ALDE
66

Romania ALDE

3

United Kingdom ALDE

1

Austria ALDE

For (1)

1

Croatia ALDE

2

Denmark ALDE

2

Latvia ALDE

1

Slovenia ALDE

For (1)

1

Luxembourg ALDE

For (1)

1

Estonia ALDE

2

Ireland ALDE

For (1)

1
icon: ECR ECR
66

Romania ECR

For (1)

1

Italy ECR

2

Bulgaria ECR

1

Czechia ECR

2

Slovakia ECR

2

Netherlands ECR

For (1)

1
2

Croatia ECR

For (1)

1

Greece ECR

Against (1)

1

Latvia ECR

For (1)

1
icon: Verts/ALE Verts/ALE
48

Belgium Verts/ALE

2

Hungary Verts/ALE

2

Austria Verts/ALE

3

Sweden Verts/ALE

3

Netherlands Verts/ALE

2

Lithuania Verts/ALE

For (1)

1

Finland Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Slovenia Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Estonia Verts/ALE

For (1)

1
icon: NI NI
14

Germany NI

2

Poland NI

Abstain (1)

1

United Kingdom NI

For (1)

1

France NI

3

Hungary NI

2
icon: ENF ENF
35

Poland ENF

2

Romania ENF

Abstain (1)

1

United Kingdom ENF

Against (1)

1

Belgium ENF

Abstain (1)

1

Netherlands ENF

4
icon: EFDD EFDD
41

Poland EFDD

1

France EFDD

1

Czechia EFDD

Against (1)

1

Sweden EFDD

2

Lithuania EFDD

For (1)

1
icon: GUE/NGL GUE/NGL
50

United Kingdom GUE/NGL

Against (1)

1

Italy GUE/NGL

3

Sweden GUE/NGL

Against (1)

1

Netherlands GUE/NGL

Against (1)

3

Finland GUE/NGL

Against (1)

1

Denmark GUE/NGL

Against (1)

1
4

Cyprus GUE/NGL

2
AmendmentsDossier
79 2014/0346(COD)
2015/09/08 ECON 79 amendments...
source: 567.477

History

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

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  • date: 2016-03-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2016-0070 type: Decision by Parliament, 1st reading/single reading title: T8-0070/2016 body: EP type: Decision by Parliament, 1st reading/single reading
  • date: 2016-04-21T00:00:00 body: EP/CSL type: Act adopted by Council after Parliament's 1st reading
  • date: 2016-05-11T00:00:00 body: CSL type: Final act signed
  • date: 2016-05-11T00:00:00 body: EP type: End of procedure in Parliament
  • date: 2016-05-24T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32016R0792 title: Regulation 2016/792 url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2016:135:TOC title: OJ L 135 24.05.2016, p. 0011 type: Final act published in Official Journal
commission
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IMCO
docs
  • date: 2015-03-13T00:00:00 docs: url: https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:52015AB0010:EN:NOT title: CON/2015/0010 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:2015:175:TOC title: OJ C 175 29.05.2015, p. 0002 summary: Opinion of the European Central Bank (ECB) on a proposal for a regulation of the European Parliament and the Council on harmonised indices of consumer prices and repealing Council Regulation (EC) No 2494/95. On 17 December 2014, the ECB received a request from the European Parliament for an opinion on this proposal. On 26 January 2015, the ECB was consulted on the same proposal by the Council of the European Union. The proposed regulation lies within the ECB’s fields of competence as the ECB is a key user of HICP statistics. Harmonised indices of consumer prices are important indicators in the context of monetary policy. They are of crucial importance to the ECB’s primary objective of maintaining price stability in the euro area. The ECB supports the efforts undertaken by the European Commission (Eurostat) concerning the review and modernisation of the Union legal framework for compilation of HICP statistic. It made the following remarks: Consultation of the ECB : the ECB is to be consulted on any implementing and delegated acts, which the Commission may adopt under the revised legal framework for the HICP. The proposed regulation should reflect the ECB’s competence to be consulted on implementing and delegated acts adopted under the proposed regulation. Use of delegated and implementing acts : Regarding the Commission’s power to adopt delegated acts, the ECB considers the threshold below which there is no obligation for Member States to provide sub-indices of harmonised indices, and the list of sub-indices that need not be produced by Member States to be essential elements of the proposed regulation. These items are fundamental to ensure sound and harmonised consumer price indices. These issues should be decided and laid down in the proposed regulation. The ECB supports the proposed Article 5(1) in connection with Article 2(q) on the collection of information about ‘administered prices’ as part of the ‘basic information’ that should be provided with reference to HICPs (and HICPs at constant tax rates). For indices that refer to, or exclude administered prices, the ECB would welcome if the Commission would provide guidance ensuring the harmonised definition and application of these concepts in an implementing act. Methodological issues : Article 4(2)(b) of the proposed regulation introduces a wider margin for systematic differences in annual growth rates of the owner-occupied housing price index (OOH-price index) and of the house price index (HPI) that may result from deviations from the concepts or methods laid down in the proposed Regulation. While Commission Regulation (EU) No 93/2013 is silent on this issue, the ECB strongly suggests applying the standard of 0.1 percentage points that is used for assessing the comparability of sub-indices. The production of sub-indices at intervals less frequent than required by the proposed regulation should remain subject to prior approval by the Commission (Eurostat). type: European Central Bank: opinion, guideline, report body: ECB
  • date: 2015-07-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE564.902 title: PE564.902 type: Committee draft report body: EP
  • date: 2015-09-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE567.477 title: PE567.477 type: Amendments tabled in committee body: EP
  • date: 2016-04-19T00:00:00 docs: url: /oeil/spdoc.do?i=26322&j=0&l=en title: SP(2016)270 type: Commission response to text adopted in plenary
  • date: 2016-05-11T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=[%n4]%2F16&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 00001/2016/LEX type: Draft final act body: CSL
  • date: 2015-02-25T00:00:00 docs: url: http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2014)0724 title: COM(2014)0724 type: Contribution body: AT_BUNDESRAT
events
  • date: 2014-12-09T00:00:00 type: Legislative proposal published body: EC docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2014/0724/COM_COM(2014)0724_EN.pdf title: COM(2014)0724 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2014&nu_doc=0724 title: EUR-Lex summary: PURPOSE: to establish a common legal framework for the production of harmonised indices by Member States. PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: harmonised indices of consumer prices (HICP) are designed to measure inflation in a harmonised manner across Member States. The Commission and the European Central Bank use the HICP in their assessment of price stability in Member States under Article 140 of the Treaty on the Functioning of the European Union. Harmonised consumer price indices are essential for assessing and measuring: (i) convergence in terms of price stability within the EU ; and (ii) the results of euro area monetary policy , in terms of achieving the objective of price stability. In October 1995, a Council Regulation on harmonised indices of consumer prices (HICP) was drafted and adopted, followed by 20 implementing regulations in the following 17 years. Certain parameters have changed since the adoption of the original framework: (i) the development of the European Statistical System (ESS); (ii) the technical aspects of data collection and index compilation have changed dramatically due to the rapid rate of technological progress in recent years; (iii) the Lisbon Treaty established a new comitology set-up. These various changes all necessitate redrafting of the legislation on HICP so as to modernise and rationalise the legal basis and adapt it to today’s needs, both actual and potential. CONTENT: the objective of this proposal is to establish a common legal framework for the production of harmonised indices by Member States, which involves collecting, compiling, processing and submitting harmonised consumer price indices. The proposal for a revised HICP Regulation seeks to create a single legal measure covering all uniform conditions. It would combine the different implementing regulations into a single one, which would give stakeholders and Member States greater clarity and make administration easier and more effective. This proposal simplifies and clarifies the requirements for the compilation of these indices. It enshrines the principles of the European Statistics Code of Practice relating to commitment to quality, sound methodology, cost-effectiveness, relevance, accuracy, reliability, coherence and comparability. DELEGATED ACTS: the proposal contains provisions empowering the Commission to adopt delegated acts in accordance with Article 290 of the treaty on the Functioning of the European Union.
  • date: 2014-12-15T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2015-10-13T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2015-10-13T00:00:00 type: Committee decision to open interinstitutional negotiations with report adopted in committee body: EP
  • date: 2015-10-27T00:00:00 type: Committee report tabled for plenary, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2015-0313&language=EN title: A8-0313/2015 summary: The Committee on Economic and Monetary Affairs adopted the report by Roberto GUALTIERI (S&D, IT) on the proposal for a regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95. The committee recommended that the European Parliament’s position at first reading following the ordinary legislative procedure should amend the Commission proposal as follows: Subject matter : this Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices ( HICP, HICP-CT, OOH price index ) and of the house price index (HPI) at Union, national and sub-national level. Compilation of harmonised indices : the amended text stipulated that neither the HICP nor the HICP-CT shall cover transactions between households, except in the case of rentals paid by tenants to private landlords, where the latter act as market producers of services purchased by households (tenants). OOH indices shall be compiled, where possible and provided that the data is available, for the 10 years preceding the entry into force of this Regulation. Depending on the outcome of the report on the suitability of the owner-occupied housing indices for integration into HICP coverage as provided for in Regulation EU) No 93/2013 , the Commission may adopt, within one year of the publication of that report, a delegated act to integrate the OOH index into the HICP. Comparability of the harmonised indices : the Commission shall be empowered to adopt delegated acts for the amendment of the Annex in order to ensure comparability at international level of the breakdown of HICP by ECOICOP categories. In order to ensure uniform conditions of implementation, and for the purposes of achieving the objectives of this Regulation, further details for producing comparable harmonised indices shall be defined by means of implementing acts. Such implementing acts shall concern: (i) sampling and representativity; (ii) collection and treatment of prices; (iii) replacements and quality adjustment; (iv) index compilation; (v) revisions; (vi) special indices; (vii) treatment of products in specific areas. Data requirements : Member States shall collect basic information representative of their country in order to produce harmonised indices and their sub-indices. The amended text stipulated that the sub-indices of ECOICOP that are not required to be produced by the Member States , either because they do not cover household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient, shall be as follows: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM). In the event that the degree of methodological harmonisation improves sufficiently, the Commission shall be empowered to adopt delegated acts in order to remove one or more sub-indices listed. Deadlines, exchange standards and revisions : Member States shall provide the update weights for the monthly indices no later than 13 February each year. The updated weights for the quarterly indices shall be provided no later than 15 June each year. The text stressed that early provisional information on the monthly Harmonised indices of consumer prices (HICP) in the form of flash estimates is crucial for monetary policy in the euro area. Therefore flash estimates should be provided by Member States in the euro area whenever necessary . Each Member State in the euro area shall provide a flash estimate of the HICP not later than the penultimate calendar day of the month to which the HICP refers. Pilot studies : these studies shall assess the feasibility and costs of obtaining improved data quality and composition of basic information or adopting new methodological approaches. The general budget of the Union shall , where appropriate, contribute to the financing of pilot studies. Based on the evaluation of the pilot studies, the Commission shall be empowered to adopt delegated acts in order to supplement this Regulation. Delegated acts : delegated acts shall not impose a significant additional burden on Member States, nor on the respondent units. A cost-effect analysis should be fully considered when adopting and implementing those delegated acts.
  • date: 2016-02-18T00:00:00 type: Approval in committee of the text agreed at 1st reading interinstitutional negotiations body: EP docs: url: http://www.europarl.europa.eu/RegData/commissions/econ/inag/2015/12-18/ECON_AG(2015)604782_EN.pdf title: PE604.782
  • date: 2016-03-08T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=26322&l=en title: Results of vote in Parliament
  • date: 2016-03-08T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2016-0070 title: T8-0070/2016 summary: The European Parliament adopted by 575 votes to 100, with 30 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95. Parliament’s position, adopted at first reading following the ordinary legislative procedure, amended the Commission proposal as follows: Objective : the amended Regulation stated that price statistics of high quality and comparability are essential for those responsible for public policy in the Union, researchers and all European citizens. This Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices ( HICP , Harmonised Index of Consumer Prices at constant tax rates - HICP-CT , Owner-Occupied Housing - OOH price index) and of the house price index ( HPI ) at Union and national level. Compilation of harmonised indices : the amended text stipulated that neither the HICP nor the HICP-CT shall cover transactions between households, except in the case of rentals paid by tenants to private landlords, where the latter act as market producers of services purchased by households (tenants). OOH indices shall be compiled, where possible and provided that the data is available, for the 10 years preceding the entry into force of this Regulation. By 31 December 2018, the Commission shall prepare a report which shall address the suitability of the OOH price index for integration into the HICP coverage. Depending on the outcome of the report on the suitability of the owner-occupied housing indices for integration into HICP coverage, the Commission may adopt, within one year of the publication of that report, a delegated act to integrate the OOH index into the HICP. Comparability of the harmonised indices : the Commission shall be empowered to adopt delegated acts for the amendment of the Annex I in order to ensure comparability at international level of the breakdown of HICP by ECOICOP categories. The ECOICOP should also be consistent with the UN COICOP, which is the international standard classifying individual consumption according to purpose, therefore the ECOICOP should be adapted to align it with changes to the UN COICOP. In order to ensure uniform conditions of implementation , and for the purposes of achieving the objectives of this Regulation, further details for producing comparable harmonised indices shall be defined by means of implementing acts. Such implementing acts shall concern: (i) sampling and representativity; (ii) collection and treatment of prices; (iii) replacements and quality adjustment; (iv) index compilation; (v) revisions; (vi) special indices; (vii) treatment of products in specific areas. In order to ensure adaptation to changes to the UN COICOP, to amend the list of items regulated by implementing acts by adding items in order to take account of technical developments in the statistical methods and based on the evaluation of pilot studies, the power to adopt acts should be delegated to the Commission. Data requirements : Member States shall collect basic information representative of their country in order to produce harmonised indices and their sub-indices. The amended text stipulated that the sub-indices of ECOICOP that are not required to be produced by the Member States, either because they do not cover household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient, shall be as follows: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM). The Commission shall be empowered to adopt delegated acts to modify the list set out above in order to include games of chance in the HICP and the HICP-CT. Deadlines, exchange standards and revisions : Member States shall provide the Commission (Eurostat) with the harmonised indices and all sub-indices by no later than: (a) 15 calendar days for the February to December indices, and 20 calendar days for the January indices, after the end of the month for which the indices are calculated; and (b) 85 calendar days after the end of the quarter for which the indices are calculated. Member States shall provide the Commission (Eurostat) with the updated weights by no later than the 13 February each year for the monthly indices and the 15 June each year for the quarterly indices. Member States whose currency is the euro shall provide the Commission (Eurostat) with the flash estimate of the HICP no later than the penultimate calendar day of the month to which the flash estimate refers. Pilot studies : the Commission (Eurostat) may launch pilot studies, to be carried out on a voluntary basis by Member States. They shall assess the feasibility and costs of obtaining improved data quality and composition of basic information or adopting new methodological approaches. The general budget of the Union shall, where appropriate, contribute to the financing of pilot studies. By 31 December 2020 and every five years thereafter, the Commission shall submit a report to the European Parliament and the Council evaluating, if applicable, the main findings of the pilot studies. Delegated acts and implementing measures : in adopting implementing measures and delegated acts in accordance with this Regulation, the Commission should consider, where appropriate, cost-effectiveness and ensure that those measures and acts do not impose a significant additional burden on Member States or respondents.
  • date: 2016-04-21T00:00:00 type: Act adopted by Council after Parliament's 1st reading body: EP/CSL
  • date: 2016-05-11T00:00:00 type: Final act signed body: CSL
  • date: 2016-05-11T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2016-05-24T00:00:00 type: Final act published in Official Journal summary: PURPOSE: to lay down a common framework for the development of harmonised indices of consumer prices and of the house price index (HPI). LEGISLATIVE ACT: Regulation (EU) 2016/792 of the European Parliament and of the Council on harmonised indices of consumer prices and the house price index, and repealing Council Regulation (EC) No 2494/95 CONTENT: the Regulation establishes a common framework for the development, production and dissemination of harmonised indices of consumer prices (HICP, HICP-CT, OOH price index) and of the house price index (HPI) at Union and national level. The harmonised index of consumer prices (HICP) is designed to measure inflation in a harmonised manner across Member States. Price statistics of high quality and comparability are essential for those responsible for public policy in the Union, researchers and all European citizens. The new Regulation adapts the legal framework laid down in Council Regulation (EC) No 2494/95 to current requirements and technical progress, thereby further improving the relevance and comparability of harmonised indices of consumer prices and the HPI. It establishes rules regarding: · the compilation of the harmonised indices; · the comparability of the harmonised indices · the frequency and the time limits for providing harmonized indices to the Commission. Requirements on data: basic information collected by Member States for the harmonised indices and their sub-indices shall be representative at Member State level. Member States shall not be required to produce the following sub-indices , either because they are not included in the household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM). Pilot studies : whenever improved basic information is required for the compilation of the harmonised indices, or when the need for improved comparability of the harmonised indices is identified, the Commission (Eurostat) may launch pilot studies, to be carried out on a voluntary basis by Member States. The general budget of the Union shall, where appropriate, contribute to the financing of such pilot studies. By 31 December 2020 and every five years thereafter, the Commission shall submit a report to the European Parliament and the Council evaluating, if applicable, the main findings of the pilot studies. Delegated acts and implementing measures : the Regulation also takes account of the new provisions introduced in the Treaty of Lisbon on the decision-making process of the Union, which give the Commission (as Eurostat) the power to adopt implementing measures or legislative measures for the purpose of amending non-essential elements of a regulation (delegated acts). In adopting implementing measures and delegated acts, the Commission should consider, where appropriate, cost-effectiveness and ensure that those measures and acts do not impose a significant additional burden on Member States or respondents. ENTRY INTO FORCE: 13.6.2016. APPLICATION: the Regulation shall apply for the first time to data relating to January 2017. DELEGATED ACTS: the Commission may adopt delegated acts in order to: (i) amend Annex I, in order to ensure comparability of the harmonised indices at international level; (ii) take account of technical developments in the statistical methods in the production of harmonized indices; (iii) include games of chance in the HICP and the HICP-CT. The power to adopt such acts is conferred on the Commission for a period of five years from 13 June 2016 (which may be tacitly extended for the same period). The European Parliament or Council may raise objections to a delegated act within three months of the date of notification (which may be extended by three months). If Parliament or Council raise objections, the delegated act may not enter into force. docs: title: Regulation 2016/792 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32016R0792 title: OJ L 135 24.05.2016, p. 0011 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2016:135:TOC
other
  • body: EC dg: url: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home title: Eurostat commissioner: THYSSEN Marianne
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Rules of Procedure of the European Parliament EP 150
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ECON/8/02259
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  • Repealing Regulation (EC) No 2494/95 1995/0009(CNS)
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Price policy, price stabilisation
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European statistical legislation
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  • Repealing Regulation (EC) No 2494/95
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  • The European Parliament adopted by 575 votes to 100, with 30 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95.

    Parliament’s position, adopted at first reading following the ordinary legislative procedure, amended the Commission proposal as follows:

    Objective: the amended Regulation stated that price statistics of high quality and comparability are essential for those responsible for public policy in the Union, researchers and all European citizens.

    This Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices (HICP, Harmonised Index of Consumer Prices at constant tax rates - HICP-CT, Owner-Occupied Housing - OOH price index) and of the house price index (HPI) at Union and national level.

    Compilation of harmonised indices: the amended text stipulated that neither the HICP nor the HICP-CT shall cover transactions between households, except in the case of rentals paid by tenants to private landlords, where the latter act as market producers of services purchased by households (tenants).

    OOH indices shall be compiled, where possible and provided that the data is available, for the 10 years preceding the entry into force of this Regulation.

    By 31 December 2018, the Commission shall prepare a report which shall address the suitability of the OOH price index for integration into the HICP coverage.

    Depending on the outcome of the report on the suitability of the owner-occupied housing indices for integration into HICP coverage, the Commission may adopt, within one year of the publication of that report, a delegated act to integrate the OOH index into the HICP.

    Comparability of the harmonised indices: the Commission shall be empowered to adopt delegated acts for the amendment of the Annex I in order to ensure comparability at international level of the breakdown of HICP by ECOICOP categories. The ECOICOP should also be consistent with the UN COICOP, which is the international standard classifying individual consumption according to purpose, therefore the ECOICOP should be adapted to align it with changes to the UN COICOP.

    In order to ensure uniform conditions of implementation, and for the purposes of achieving the objectives of this Regulation, further details for producing comparable harmonised indices shall be defined by means of implementing acts. Such implementing acts shall concern: (i) sampling and representativity; (ii) collection and treatment of prices; (iii) replacements and quality adjustment; (iv) index compilation; (v) revisions;  (vi) special indices; (vii) treatment of products in specific areas.

    In order to ensure adaptation to changes to the UN COICOP, to amend the list of items regulated by implementing acts by adding items in order to take account of technical developments in the statistical methods and based on the evaluation of pilot studies, the power to adopt acts should be delegated to the Commission.

    Data requirements: Member States shall collect basic information representative of their country in order to produce harmonised indices and their sub-indices.

    The amended text stipulated that the sub-indices of ECOICOP that are not required to be produced by the Member States, either because they do not cover household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient, shall be as follows: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM).

    The Commission shall be empowered to adopt delegated acts to modify the list set out above in order to include games of chance in the HICP and the HICP-CT.

    Deadlines, exchange standards and revisions: Member States shall provide the Commission (Eurostat) with the harmonised indices and all sub-indices by no later than: (a) 15 calendar days for the February to December indices, and 20 calendar days for the January indices, after the end of the month for which the indices are calculated; and (b) 85 calendar days after the end of the quarter for which the indices are calculated.

    Member States shall provide the Commission (Eurostat) with the updated weights by no later than the 13 February each year for the monthly indices and the 15 June each year for the quarterly indices.

    Member States whose currency is the euro shall provide the Commission (Eurostat) with the flash estimate of the HICP no later than the penultimate calendar day of the month to which the flash estimate refers.

    Pilot studies: the Commission (Eurostat) may launch pilot studies, to be carried out on a voluntary basis by Member States. They shall assess the feasibility and costs of obtaining improved data quality and composition of basic information or adopting new methodological approaches. The general budget of the Union shall, where appropriate, contribute to the financing of pilot studies. By 31 December 2020 and every five years thereafter, the Commission shall submit a report to the European Parliament and the Council evaluating, if applicable, the main findings of the pilot studies.

    Delegated acts and implementing measures: in adopting implementing measures and delegated acts in accordance with this Regulation, the Commission should consider, where appropriate, cost-effectiveness and ensure that those measures and acts do not impose a significant additional burden on Member States or respondents.

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  • url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2016-0070 type: Decision by Parliament, 1st reading/single reading title: T8-0070/2016
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  • The Committee on Economic and Monetary Affairs adopted the report by Roberto GUALTIERI (S&D, IT) on the proposal for a regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95.

    The committee recommended that the European Parliament’s position at first reading following the ordinary legislative procedure should amend the Commission proposal as follows:

    Subject matter: this Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices (HICP, HICP-CT, OOH price index) and of the house price index (HPI) at Union, national and sub-national level.

    Compilation of harmonised indices: the amended text stipulated that neither the HICP nor the HICP-CT shall cover transactions between households, except in the case of rentals paid by tenants to private landlords, where the latter act as market producers of services purchased by households (tenants).

    OOH indices shall be compiled, where possible and provided that the data is available, for the 10 years preceding the entry into force of this Regulation.

    Depending on the outcome of the report on the suitability of the owner-occupied housing indices for integration into HICP coverage as provided for in Regulation EU) No 93/2013, the Commission may adopt, within one year of the publication of that report, a delegated act to integrate the OOH index into the HICP.

    Comparability of the harmonised indices: the Commission shall be empowered to adopt delegated acts for the amendment of the Annex in order to ensure comparability at international level of the breakdown of HICP by ECOICOP categories.

    In order to ensure uniform conditions of implementation, and for the purposes of achieving the objectives of this Regulation, further details for producing comparable harmonised indices shall be defined by means of implementing acts. Such implementing acts shall concern: (i) sampling and representativity; (ii) collection and treatment of prices; (iii) replacements and quality adjustment; (iv) index compilation; (v) revisions;  (vi) special indices; (vii) treatment of products in specific areas.

    Data requirements: Member States shall collect basic information representative of their country in order to produce harmonised indices and their sub-indices.

    The amended text stipulated that the sub-indices of ECOICOP that are not required to be produced by the Member States, either because they do not cover household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient, shall be as follows: (i) narcotics; (ii) games of chance; (iii) prostitution; (iv) life insurance; (v) Financial Intermediation Services Indirectly Measured (FISIM).

    In the event that the degree of methodological harmonisation improves sufficiently, the Commission shall be empowered to adopt delegated acts in order to remove one or more sub-indices listed.

    Deadlines, exchange standards and revisions: Member States shall provide the update weights for the monthly indices no later than 13 February each year. The updated weights for the quarterly indices shall be provided no later than 15 June each year.

    The text stressed that early provisional information on the monthly Harmonised indices of consumer prices (HICP) in the form of flash estimates is crucial for monetary policy in the euro area. Therefore flash estimates should be provided by Member States in the euro area whenever necessary.

    Each Member State in the euro area shall provide a flash estimate of the HICP not later than the penultimate calendar day of the month to which the HICP refers.

    Pilot studies: these studies shall assess the feasibility and costs of obtaining improved data quality and composition of basic information or adopting new methodological approaches.

    The general budget of the Union shall, where appropriate, contribute to the financing of pilot studies.

    Based on the evaluation of the pilot studies, the Commission shall be empowered to adopt delegated acts in order to supplement this Regulation.

    Delegated acts: delegated acts shall not impose a significant additional burden on Member States, nor on the respondent units. A cost-effect analysis should be fully considered when adopting and implementing those delegated acts.

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VIEGAS Miguel
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2015-10-13T00:00:00
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EP
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  • group: Verts/ALE name: EICKHOUT Bas
  • group: EFD name: VALLI Marco
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activities/2
date
2015-07-15T00:00:00
body
EP
type
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activities/1/committees/0/date
2015-01-13T00:00:00
activities/1/committees/0/rapporteur
  • group: S&D name: GUALTIERI Roberto
committees/0/date
2015-01-13T00:00:00
committees/0/rapporteur
  • group: S&D name: GUALTIERI Roberto
procedure/subject/1
8.60 European statistical legislation
activities/0/docs/0/text
  • PURPOSE: to establish a common legal framework for the production of harmonised indices by Member States.

    PROPOSED ACT: Regulation of the European Parliament and of the Council.

    ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.

    BACKGROUND: harmonised indices of consumer prices (HICP) are designed to measure inflation in a harmonised manner across Member States. The Commission and the European Central Bank use the HICP in their assessment of price stability in Member States under Article 140 of the Treaty on the Functioning of the European Union.

    Harmonised consumer price indices are essential for assessing and measuring: (i) convergence in terms of price stability within the EU; and (ii) the results of euro area monetary policy, in terms of achieving the objective of price stability.

    In October 1995, a Council Regulation on harmonised indices of consumer prices (HICP) was drafted and adopted, followed by 20 implementing regulations in the following 17 years.

    Certain parameters have changed since the adoption of the original framework: (i) the development of the European Statistical System (ESS); (ii) the technical aspects of data collection and index compilation have changed dramatically due to the rapid rate of technological progress in recent years; (iii) the Lisbon Treaty established a new comitology set-up.

    These various changes all necessitate redrafting of the legislation on HICP so as to modernise and rationalise the legal basis and adapt it to today’s needs, both actual and potential.

    CONTENT: the objective of this proposal is to establish a common legal framework for the production of harmonised indices by Member States, which involves collecting, compiling, processing and submitting harmonised consumer price indices.

    The proposal for a revised HICP Regulation seeks to create a single legal measure covering all uniform conditions. It would combine the different implementing regulations into a single one, which would give stakeholders and Member States greater clarity and make administration easier and more effective.

    This proposal simplifies and clarifies the requirements for the compilation of these indices. It enshrines the principles of the European Statistics Code of Practice relating to commitment to quality, sound methodology, cost-effectiveness, relevance, accuracy, reliability, coherence and comparability.

    DELEGATED ACTS: the proposal contains provisions empowering the Commission to adopt delegated acts in accordance with Article 290 of the treaty on the Functioning of the European Union.

activities/1
date
2014-12-15T00:00:00
body
EP
type
Committee referral announced in Parliament, 1st reading/single reading
committees
procedure/dossier_of_the_committee
ECON/8/02259
procedure/stage_reached
Old
Preparatory phase in Parliament
New
Awaiting committee decision
activities/0/docs/0/url
http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2014/0724/COM_COM(2014)0724_EN.pdf
activities/0/docs/0/celexid
CELEX:52014PC0724:EN
activities
  • date: 2014-12-09T00:00:00 docs: type: Legislative proposal published title: COM(2014)0724 body: EC type: Legislative proposal published commission: DG: url: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home title: Eurostat Commissioner: THYSSEN Marianne
committees
  • body: EP responsible: True committee_full: Economic and Monetary Affairs committee: ECON
  • body: EP responsible: False committee_full: Internal Market and Consumer Protection committee: IMCO
links
European Commission
other
  • body: EC dg: url: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home title: Eurostat commissioner: THYSSEN Marianne
procedure
reference
2014/0346(COD)
subtype
Legislation
legal_basis
Treaty on the Functioning of the EU TFEU 338-p1
stage_reached
Preparatory phase in Parliament
summary
Repealing Regulation (EC) No 2494/95
instrument
Regulation
title
Harmonised indices of consumer prices
type
COD - Ordinary legislative procedure (ex-codecision procedure)
subject
5.10.02 Price policy, price stabilisation