2014/0346(COD) | [ParlTrack]

Proposal for a regulation
Article 4 – paragraph 4 a (new)

4a. Where scientifically justified by the evolution of statistical methods, the Commission shall, with a view to the production of harmonised indices, be empowered to amend the first subparagraph of Article 4(4), by means of delegated acts adopted in accordance with Article 10, by adding items to the list set out therein for which further details of the statistical method are required.

Amendment 101 #

Proposal for a regulation
Article 4 – paragraph 4 a (new)

4a. Where scientifically supported evolutions of statistical methods based on the pilot studies referred to in Article 8(4a) so require, with a view to the production of harmonised indices, the Commission shall be empowered to amend the first subparagraph of Article 4(4) by means of delegated acts adopted in accordance with Article 10, so as to specify further the list set out therein for which further detail of statistical method is required, provided that such items do not change the scope of the harmonised indices as set out in this Regulation.

Amendment 102 #

Proposal for a regulation
Article 4 – paragraph 4 b (new)

4b. By 28 February 2018, the Commission shall adopt a delegated act in accordance with Article 10 for specifying the methodological requirements necessary for the compilation of the HICP which shall integrate OOH indices.

Amendment 103 #

Proposal for a regulation
Article 4 – paragraph 4 c (new)

4c. The Commission may extend the deadline referred to in paragraph 4b by two years if it assesses that additional time is required in order to adopt the delegated acts referred to therein or it shall propose, where appropriate, a review of this Regulation. The assessment shall be made public and shall explain and compare the methodological options available for such integration.

Amendment 104 #

Proposal for a regulation
Article 5 – paragraph 1

1. Member States shall collect basic information representative of their country ~~for~~in order to produce harmonised indices and their sub- indices.

Amendment 105 #

Proposal for a regulation
Article 5 – paragraph 3 a (new)

3a. With a view to ensuring the optimum harmonisation and quality of basic information collected and processed in each Member State, it is necessary to introduce a uniform electronic data collection and processing system using the same type of online collection and transmission tools;

Amendment 106 #

Proposal for a regulation
Article 5 – paragraph 5

5. The harmonised indices and their sub- indices shall be rescaled to a new common index reference period in cases of a major methodological change of harmonised indices ~~or every 10 years~~, which has been adopted in accordance with this Regulation, or every 10 years after the last rescaling starting from 2015. The rescaling to the new index reference period shall take effect with the index for January of the ~~following calendar year. The Commission shall be empowered to adopt delegated acts in accordance with Article 10 to establish d~~second year after the index reference period. Detailed rules on rescaling of the harmonised indices ~~linked to major methodological changes~~shall be established by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

Amendment 107 #

Proposal for a regulation
Article 5 – paragraph 5

5. The harmonised indices and their sub- indices shall be rescaled to a new common index reference period in cases of a major methodological change of harmonised indices orand in any case every 10five years after the last rescaling, starting from 2015. The rescaling to the new index reference period shall take effect with the index for January of the following calendar year. The Commission shall be empowered to adopt delegated acts in accordance with Article 10 to establish detailed rules on rescaling of harmonised indices ~~linked to major methodological changes~~.

Amendment 108 #

Proposal for a regulation
Article 5 – paragraph 6

6. In order not to impose an unnecessary burden on Member States and to the extent that the sub-indices of harmonised indices are only significant above a certain threshold, the Commission shall be empowered to adopt delegated acts in accordance with Article 10 in order to establish a threshold below which there is no obligation to provide those sub-indices.deleted

Amendment 109 #

Proposal for a regulation
Article 5 – paragraph 7

7. ~~The Commission shall be empowered to adopt delegated acts in accordance with Article 10 in order to establish a list of s~~Sub-indices of ECOICOP that need not be produced by the Member States, ~~either~~ because they d~~o not cover private consumption or because the degree of methodological harmonisation is not sufficient~~egree of methodological harmonisation is not yet sufficient, shall be as follows: 02.3 Narcotics; 09.4.3 Games of chance; 12.2 Prostitution; 12.5.1 Life insurance; 12.6.1 FISIM; The Commission shall be empowered to adopt delegated acts in accordance with Article 10 in order to modify the list to include games of chance in the HICP and the HICP-CT.

Amendment 110 #

Proposal for a regulation
Article 5 – paragraph 7

7. ~~The Commission shall be empowered to adopt delegated acts in accordance with Article 10 in order to establish a list of~~All sub-indices of ECOICOP that need not be produced by the Member States, either because they do not cover ~~private~~monetary expenditure on final household consumption or because the degree of methodological harmonisation is not sufficient, shall be as follows: (a) Narcotics and contraband; (b) Games of chance, lotteries and wagers; (c) Prostitution; (d) Life insurance; (e) FISIM (f) Activities relating to fraud and corruption and other illegal practices. The Commission shall be empowered to adopt delegated acts in accordance with Article 10 in order to amend the first subparagraph by removing or adding one or more sub-indices listed therein.

Amendment 111 #

Proposal for a regulation
Article 5 – paragraph 7

7. The Commission shall be empowered to adopt delegated acts in accordance with Article 10 in order to establish a list of sub- indices of ECOICOP that need not be produced by the Member States, either because they do not cover ~~private~~household final monetary consumption expenditure or because the degree of methodological harmonisation is not sufficient. Whenever the degree of methodological harmonisation improves sufficiently, the Commission shall be empowered to adopt delegated acts in accordance with Article 10 in order to remove one or more sub- indices listed therein and add them to the annex.

Amendment 112 #

Proposal for a regulation
Article 7 – paragraph 1

1. Member States shall provide harmonised indices and all sub-indices to the Commission (Eurostat) no later than 20 calendar days after the end of the reference month for monthly series and 85 calendar days after the end of the reference quarter for quarterly series.(Does not affect the English version)

Amendment 113 #

Proposal for a regulation
Article 7 – paragraph 1 a (new)

1a. Member States in the euro area shall provide a flash estimate of the HICP not later than the penultimate calendar day of the month to which it refers.

Amendment 114 #

Proposal for a regulation
Article 8 – paragraph 1

1. Whenever improved basic information is required for the compilation of harmonised indices~~, or when the need for improved~~ or for the compilation of relevant cost of living indices, or when the need for new methodological approaches for improved relevance and international comparability of indices is identified within the ~~methods referred to in Article 4(2)~~scope of this Regulation, the Commission (Eurostat) may launch pilot studies to be carried out on a voluntary basis by the Member States.

Amendment 115 #

Proposal for a regulation
Article 8 – paragraph 1

1. Whenever improved basic information is required for the compilation of harmonised indices, or when the need for improved comparability of indices is identified in the methods referred to in Article 4(2), the Commission (Eurostat) may launch pilot studies to be carried out on a voluntary basis by the Member States or may set up a consultative working group consisting of representatives from the scientific research institutes and non-governmental bodies concerned to make recommendations.

Amendment 116 #

Proposal for a regulation
Article 8 – paragraph 1 a (new)

1a. The general budget of the Union shall, where appropriate, contribute to the financing of pilot studies. The Commission shall issue prior notification of the total expenditure earmarked for that purpose.

Amendment 117 #

Proposal for a regulation
Article 8 – paragraph 1 a (new)

1a. The general budget of the Union shall, where appropriate, contribute to the financing of pilot studies.

Amendment 118 #

Proposal for a regulation
Article 8 – paragraph 3

3. The results of the pilot studies shall be evaluated by the Commission (Eurostat) in close cooperation with the Member States and main users of harmonised indices, taking into account the benefits of having improved prbasice information or new methodological approaches relative to the additional costs of collection and compilation.

Amendment 119 #

Proposal for a regulation
Article 8 – paragraph 4

4. Based on the evaluation of the pilot studies, improved basic information or improved methods shall be introduced by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).deleted

Amendment 120 #

Proposal for a regulation
Article 8 – paragraph 4

4. Based on the evaluation of the pilot studies, improved basic information or improved methods for obtaining basic information required for the compilation of harmonised indices shall be introduced by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

Amendment 121 #

Isabella DE MONTE

Proposal for a regulation
Article 8 – paragraph 4 a (new)

4a. By 2020 and every five years thereafter, the Commission (Eurostat) shall prepare a report to the European Parliament and Council evaluating if applicable the main findings of the pilot studies.

Amendment 122 #

Proposal for a regulation
Article 8 – paragraph 4 a (new)

4a. By 31 December 2020 and every five years thereafter, the Commission (Eurostat) shall submit a report to the European Parliament and the Council assessing the principal findings of the pilot studies.

Amendment 123 #

Proposal for a regulation
Article 8 – paragraph 4 a (new)

4a. Based on the evaluation of the pilot studies, improved methodological approaches required for producing more relevant and internationally comparable harmonised indices shall be introduced by means of delegated acts. Those delegated acts shall be adopted in accordance with the procedure referred to in Article 10.

Amendment 124 #

Proposal for a regulation
Article 8 – paragraph 4 b (new)

4b. By 31 December 2020 and every five years thereafter, the Commission (Eurostat) shall prepare a report to the European Parliament and the Council evaluating the main results of the pilot studies.

Amendment 125 #

Proposal for a regulation
Article 9 – paragraph 4 a (new)

4a. In cases of excessive delay by any Member State in providing harmonised indices, serious inaccuracies therein or manipulation of information supplied at national or sub-national level, the Commission may, pursuant to Article 258 of the Treaty on the Functioning of the European Union, initiate proceedings before the Court of Justice of the European Union for failure by that Member State to fulfil its obligations.

Amendment 126 #

Proposal for a regulation
Article 10 – paragraph 5 a (new)

5a. When a delegated act is delivered just before or during a public holiday, the time shall be deemed to run from the date of the first full plenary part-session of the European Parliament following the public holiday. In all cases, the period shall be able to be extended to encompass three full plenary part-sessions.

Amendment 48 #

Proposal for a regulation
Recital 1

(1) 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 (the Treaty). In addition, the Commission (Eurostat) must provide a European index of consumer prices for the entire EU (EICP) and for the euro area (EURICP), on the basis of either the HICP or information supplied by Member States.

Amendment 49 #

Proposal for a regulation
Recital 1 a (new)

(1a) Quality statistics and their comparability are public property of fundamental importance for all European citizens, researchers and those responsible for public policy in the Union.

Amendment 50 #

Proposal for a regulation
Recital 2

(2) TAlthough the Treaty does not provide a definition of price stability, the European System of Central Banks (ESCB) uses the HICP as an index in order to measure the achievement of the ESCB's price stability objective under Article 127(1) of the Treaty, which is of particular relevance for the definition and implementation of the monetary policy of the Union under Article 127(2) of the Treaty. In 1998, the ECB Governing Council stated that price stability shall be defined as a year-on-year increase in the Harmonized Index of Consumer Prices (HICP) for the euro area of below 2%. In 2003, the Governing Council agreed that, in the pursuit of price stability, it will aim to maintain inflation rates close to, but below 2%, over the medium-term.

Amendment 51 #

Proposal for a regulation
Recital 3

(3) Council Regulation (EC) No 2494/952 established a common framework for setting up harmonised indices of consumer prices. This legal framework needs to be adapted to current needs and technical progress. In that perspective, it is broadly acknowledged that measuring, analysing and forecasting inflation requires both an improvement in the relevance and comparability of the HICP, as well as monitoring a broader set of supplementary indicators which need to be made available on a harmonised basis in order to ensure comparability at Union and international levels. The HICP framework therefore needs to be improved and supplemented. __________________ 2 Council Regulation (EC) No 2494/95 of 23 October 1995 concerning harmonised indices of consumer prices (OJ L 257, 27.10.1995, p. 1).

Amendment 52 #

Proposal for a regulation
Recital 5

(5) HICP and HICP-CT should be broken down by categories of the European classification of individual consumption according to purpose (ECOICOP). This classification ~~should~~must ensure that all European statistics relating to private consumption are consistent and comparable. The ECOICOP should also be consistent with the UN COICOP, which is the international standard classifying individual consumption according to purpose, and should therefore be adapted to changes of the UN COICOP.

Amendment 53 #

Proposal for a regulation
Recital 6

(6) The ~~regular HICP~~HICP as currently defined are based on observed prices, which also include taxes on products. Hence, inflation is affected by changes to tax rates on products. For inflation analysis and for convergence assessment in Member States, information also needs to be collected on the impact of tax changes on inflation. To this end, HICP should additionally be calculated on the basis of constant tax rate prices.

Amendment 54 #

Proposal for a regulation
Recital 7

(7) Establishing price indices for dwellings and in particular for owner-occupied housing (OOH indices) is an important step towards improving the relevance and comparability of HICP within the Union and at the international level. House price indices are a necessary basis for compiling OOH indices. In addition, house price indices are important indicators in their own right. A specific roadmap should be foreseen for integrating house price indices within the HICP framework.

Amendment 55 #

Proposal for a regulation
Recital 7

(7) Establishing harmonised price indices for dwellings and in particular for owner- occupied housing (OOH indices) and including such indices within the HICP framework is an important step towards improving the relevance and comparability of HICP within the Union, as well as at the international level, as the proportion of owner-occupied housing differs dramatically across and beyond Union Member States. Omitting owner-occupied housing from the HICP will tend to make the indexes incomparable across Member States, thereby biasing the monitoring of key developments within the Union such as competitiveness and, more broadly, macroeconomic imbalances. Moreover, and as has been highlighted during the financial crisis, omitting OOH indices leads to overstating or understating underlying inflationary pressures related to housing bubbles. House price indices are a necessary basis for compiling OOH indices. In addition, house price indices are important indicators in their own right. A specific legally binding roadmap should be foreseen for integrating house price indices within the HICP framework.

Amendment 56 #

Proposal for a regulation
Recital 7 a (new)

(7a) Early provisional information on the monthly HICP in the form of flash estimates is crucial for monetary policy in the euro area. HICP estimates should therefore be provided by Member States belonging to the euro area whenever necessary;

Amendment 57 #

Proposal for a regulation
Recital 7 a (new)

(7a) The HICP as currently defined are not cost of living indices as they are not intended to be a measure of the change in the minimum cost for achieving the same standard of living from two different consumption patterns realised in the two periods compared, and where factors other than pure price changes may enter the index. However, establishing harmonised cost of living indices should allow the HICP to be supplemented with an important analytical tool for monitoring underlying trends regarding inflation, as medium-term and long-term inflation trends are strongly related to cost of living trends.

Amendment 58 #

Fulvio MARTUSCIELLO

Proposal for a regulation
Recital 8

(8) The reference period of price indices should be updated ~~at regular intervals~~periodically. Rules for common index reference periods of harmonised indices and their sub-indices integrated at different points in time should be established in order to ensure that the resulting indices are comparable and relevant.

Amendment 59 #

Proposal for a regulation
Recital 9

(9) In order to enhance the gradual harmonisation of consumer price indices, pilot studies should be launched to assess the feasibility of using additional basic information or applying new methodological approaches. The Commission should look for appropriate incentives, including financial support, to encourage pilot studies.

Amendment 60 #

Fulvio MARTUSCIELLO

Proposal for a regulation
Recital 9

(9) In order to enhance the gradual harmonisation of consumer price indices, pilot studies should be launched to assess the feasibility of using additional basic information or applying new methodological approaches. The Commission should decide on appropriate incentives, including financial support, to encourage the pilot studies.

Amendment 61 #

Proposal for a regulation
Recital 9

(9) In order to enhance the gradual harmonisation of consumer price indices, pilot studies should be launched to assess the feasibility of using additional basic information or applying new methodological approaches. To this end, the Commission must take the necessary action.

Amendment 62 #

Proposal for a regulation
Recital 15

(15) In order to ensure ~~comparability at international level of the classification of individual consumption according to purpose used for the breakdown of HICP and to assure~~ adaptation to changes of UN COICOP, ~~to establish~~as well as t~~hreshold below which there is no obligation to provide sub-indices of harmonised indi~~o modify the list of sub-indices of ECOICOP that need not be producesd and to ~~establish a list of sub-indices that need not be produced by the Member States~~include games of chance in the HICP and the HICP-CT, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of harmonised indices. It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing up delegated acts, should ensure simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and the Council.

Amendment 63 #

Proposal for a regulation
Recital 15

(15) In order to ensure comparability at international level of the classification of individual consumption according to purpose used for the breakdown of HICP and HICP-CT and to assure adaptation to changes of UN COICOP, ~~to establish a threshold below which there is no obligation to provide sub-indices of harmonised indices and to establish a list of sub-indices that need not be produced by the Member State~~including all ECOICOP sub-indices, in order to improve data quality and basic content, based on pilot study evaluations, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of harmonised indices.i. It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing up delegated acts, should ensure simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and the Council.

Amendment 64 #

Proposal for a regulation
Recital 15

(15) In order to ensure comparability at international level of the classification of individual consumption according to purpose used for the breakdown of the HICP and the HICP-CT, to assure adaptation to changes of UN COICOP, to ~~establish a threshold below which there is no obligation to provide sub-indices of harmonised indices and to establish a list of sub-indices that need not be produced by the Member Stat~~modify the list of sub-indices of ECOICOP that need not be produced, to extend of the scope of the HICP with a view to including housing prices indices, improved methodology for better relevance and comparability of indices, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of harmonised indices. It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing up delegated acts, should ensure simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and the Council.

Amendment 65 #

Proposal for a regulation
Recital 16

(16) In order to ensure full comparability of consumer price indices, uniform conditions are needed for the breakdown of the HICP and the HICP-CT by ECOICOP categories, for the applied methodology in producing harmonised indices, for the information provided by statistical units, for providing weights and metadata on the weights, for the establishment of an annual calendar for the transmission of the harmonised indices and sub-indices, for the data and metadata exchange standards, for the uniform conditions for revisions, ~~for improved basic information or improved methods based on the evaluation of pilot studies and for technical quality assurance requirements regarding the content of annual quality reports,~~ the deadline for providing the report to the Commission (Eurostat) and the structure of the inventory. In order to ensure such uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council.6 __________________ 6 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).

Amendment 66 #

Proposal for a regulation
Recital 16

(16) In order to ensure full comparability of consumer price indices, uniform conditions are needed for the breakdown of the HICP and the HICP-CT by ECOICOP categories, for the applied methodology in producing harmonised indices, for the information provided by statistical units, for providing weights and metadata on the weights, for the establishment of an annual calendar for the transmission of the harmonised indices and sub-indices, for the data and metadata exchange standards, for the uniform conditions for revisions, for improved basic information ~~or improved methods based on the evaluation of pilot studies~~ and for technical quality assurance requirements regarding the content of annual quality reports, the deadline for providing the report to the Commission (Eurostat) and the structure of the inventory. In order to ensure such uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council.6 __________________ 6 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).

Amendment 67 #

Proposal for a regulation
Recital 16

(16) In order to ensure full comparability of consumer price indices, uniform conditions are needed for the breakdown of the HICP and HIPC-CT by ECOICOP categories, for the applied methodology in producing harmonised indices, for the information provided by statistical units, for providing weights and metadata on the weights, for the establishment of an annual calendar for the transmission of the harmonised indices and sub-indices, for the data and metadata exchange standards, for the uniform conditions for revisions, for improved basic information or improved ~~methods based on the evaluation of pilot studies and for~~ technical quality assurance requirements regarding the content of annual quality reports, the deadline for providing the report to the Commission (Eurostat) and the structure of the inventory. In order to ensure such uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council6. __________________ 6 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).

Amendment 68 #

Proposal for a regulation
Recital 16 a (new)

(16a) Some sub-indices of ECOICOP are not produced by all or some of the Member States at this stage, either because they do not cover household final monetary consumption expenditure or because the degree of methodological harmonisation is not yet sufficient. However, it is possible that in the future methodological harmonisation might be achieved allowing the legal framework to be updated in conformity with the provisions of this Regulation.

Amendment 69 #

Proposal for a regulation
Recital 17

(17) In adopting implementing measures and delegated acts in accordance with this Regulation, the Commission should ~~take the utm~~ensure that those implementing measures and delegated acts do not imposte a~~ccount of cost-effectiveness.~~ significant additional burden on Member States nor on the respondent units other than what is necessary for the purposes of this Regulation, nor change the applicable underlying conceptual framework beyond what is provided for in this Regulation.

Amendment 70 #

Proposal for a regulation
Recital 17

(17) In adopting implementing measures and delegated acts in accordance with this Regulation, the Commission ~~should take the utmost account of cost-effectivenes~~must ensure that these delegated acts do not result in an increased administrative burden on the Member States and on the respondent units.

Amendment 71 #

Proposal for a regulation
Recital 17

(17) In adopting implementing measures and delegated acts in accordance with this Regulation, the Commission should take the utmost account of cost-effectiveness and ensure that implementing measures and delegated acts do not result in a significant additional administrative or financial burden on Member States.

Amendment 72 #

Isabella DE MONTE

Proposal for a regulation
Article 1 – paragraph 1

This Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices (HICP, HICP-CT, OOH) and of the hous~~ing~~e prices index (HPI) at Union~~, national~~ and ~~sub-~~national level.

Amendment 73 #

Proposal for a regulation
Article 1 – paragraph 1

This Regulation lays down a common framework for the development, production and dissemination of harmonised indices ~~of consumer prices (HICP) and of housing prices (HPI)~~relevant for monitoring the achievement of objectives of price stability at Union, national and sub-national level.

Amendment 74 #

Proposal for a regulation
Article 1 – paragraph 1

This Regulation lays down a common framework for the development, production and dissemination of harmonised indices of consumer prices (HICP) and of housing prices (HPI) at Union, national and sub-national level, including the European index of consumer prices for the entire EU (EICP) and the Euro area (EURICP).

Amendment 75 #

Proposal for a regulation
Article 2 – paragraph 1 – point h

(h) ‘harmonised indices of consumer prices at constant tax rates (HICP-CT)’ means ~~indices~~comparable consumer price indices produced by each Member State that measure changes in consumer prices over a period of time excluding the impact of changes in tax rates on products during that period of time;

Amendment 76 #

Proposal for a regulation
Article 2 – paragraph 1 – point i

(i) ‘~~administer~~regulated prices’ means prices that are either directly set or influenced to a significant extent by the government;

Amendment 77 #

Proposal for a regulation
Article 2 – paragraph 1 – point j

(j) ‘'owner-occupied housing price index (OOH index)' means an index that measures changes in the transaction prices of dwellings new to the household sector and of other products that the households acquire in their role as owner-occupiers or an index that measures imputed rents related to new and existing owner- occupied dwellings or alternatively an index that measures the opportunity costs associated with the use of a dwelling by a household for own purchase;

Amendment 78 #

Proposal for a regulation
Article 2 – paragraph 1 – point j

(j) ‘owner-occupied housing price index (OOH index)’ means an ~~index~~comparable index produced by each Member State that measures changes in the transaction prices of dwellings new to the household sector and of other products that the households acquire in their role as owner-occupiers;

Amendment 79 #

Proposal for a regulation
Article 2 – paragraph 1 – point k

(k) ‘house price index (HPI)’ means a~~n index~~ comparable index produced by each Member State that measures changes in the transaction prices of dwellings purchased by households;

Amendment 80 #

Proposal for a regulation
Article 2 – paragraph 1 – point l

(l) ‘sub-index of the HICP or HIPC-CT’ means a price index for any of the categories of the European classification of individual consumption according to purpose (hereinafter referred to as ‘ECOICOP’) as established in the Annex;

Amendment 81 #

Proposal for a regulation
Article 2 – paragraph 1 – point m

(m) ‘harmonised indices’ means thcomparable HICP, HICP-CT, OOH indices and HPI produced by each Member State;

Amendment 82 #

Proposal for a regulation
Article 2 – paragraph 1 – point m a (new)

(ma) 'flash estimate of the HICP' means an early estimate of the HICP provided by the Member States in the euro area only, that may be based on provisional information and, if necessary, appropriate modelling;

Amendment 83 #

Proposal for a regulation
Article 2 – paragraph 1 – point m a (new)

(ma) 'European Index of Consumer Prices' (EICP), the consumer price index for the entire Union produced by the Commission (Eurostat) on the basis of either the HICPs or background information supplied at national or sub- national level.

Amendment 84 #

Proposal for a regulation
Article 2 – paragraph 1 – point m b (new)

(mb) 'index of consumer prices for the euro area (EURICP)', consumer price index for the euro area produced by the Commission (Eurostat), on the basis of HICPs or background information supplied at national or sub-national level.

Amendment 85 #

Fulvio MARTUSCIELLO

Proposal for a regulation
Article 2 – paragraph 1 – point n – paragraph 2

where P is the relative index of the price levels in two periods, Q are the quantities consumed, t0 is the base period ~~and~~, tn the period for which the index is computed and capital sigma (∑) the summation;

Amendment 86 #

Isabella DE MONTE

Proposal for a regulation
Article 2 – paragraph 1 – point p a (new)

(pa) 'price reference period' means the period to which the price of the comparison period refers. For monthly indices the price reference period is December of the previous year, for quarterly indices the price reference period is the fourth quarter of the previous year.

Amendment 87 #

Proposal for a regulation
Article 3 – paragraph 1

1. Member States shall provide the Commission (Eurostat) with all harmonised indices as defined in Article 2(m) in the appropriate form and whenever required and, if called for, information supplied at national or sub- national level.

Amendment 88 #

Proposal for a regulation
Article 3 – paragraph 3

3. TWithout prejudice to the methodological developments related to the inclusion of OOH within the HICP framework, the HICP and HICP-CT shall be based on the price changes and weights of products included in household final monetary consumption expenditure or, where appropriate, on changes in imputed prices or changes in estimated opportunity costs whenever new methodological approaches are developed in conformity with Article 4 or Article 8.

Amendment 89 #

Proposal for a regulation
Article 3 – paragraph 4

4. ~~The HICP~~Neither the HICP not the HIPC-CT shall ~~not~~ 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).

Amendment 90 #

Proposal for a regulation
Article 3 – paragraph 4 a (new)

4a. OOH indices shall be compiled, where appropriate, for the 10 years preceding the entry into force of this Regulation.

Amendment 91 #

Proposal for a regulation
Article 3 – paragraph 5

5. HICP and HIPC-CT sub-indices shall be compiled for the categories of ECOICOP. Uniform conditions for the breakdown of the HICP and HIPC-CT by ECOICOP categories shall be adopted by means of ~~implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2)~~delegated acts.

Amendment 92 #

Roberto GUALTIERI

Proposal for a regulation
Article 3 – paragraph 5 a (new)

5a. The breakdown of the OOH index and of the HPI provided by the Member States in the euro area shall be adopted by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

Amendment 93 #

Proposal for a regulation
Article 4 – paragraph 1

1. For ~~HICP or OOH~~the harmonised indices to be considered comparable, any difference across countries at all levels of detail shall only reflect differences in price changes or expenditure patterns.

Amendment 94 #

Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point a

(a) less than or equal to 0.1 per cent on average over one year against the previous year from an index compiled following the methodological approach of this Regulation, in the case of HICP and HICP-CT;

Amendment 95 #

Proposal for a regulation
Article 4 – paragraph 3

3. The Commission shall be empowered to adopt delegated acts in accordance with Article 10 for the modification of the Annex in order to ensure comparability at international level of the harmonised indices ~~at international level.~~for the European classification of individual consumption according to function used for the breakdown of HICP (ECOICOP).’

Amendment 96 #

Proposal for a regulation
Article 4 – paragraph 4

4. In order to ensure uniform conditions~~, the appropriate methodology for~~ and continuity in producing comparable harmonised indices ~~shall be defined by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2)~~, and for the purposes of achieving the objectives of this Regulation, the appropriate methodology and improved methods based on voluntary pilot studies referred to in Article 8 shall be defined by means of implementing acts.

Amendment 97 #

Proposal for a regulation
Article 4 – paragraph 4

4. In order to ensure uniform conditions~~, the appropriate methodology~~ of implementation, further details for producing comparable harmonised indices and further specified methods based on the voluntary pilot studies referred to in Article 8 shall be defined by means of ~~implementing~~delegated acts.: Thoese ~~implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2)~~delegated acts shall include: i. sampling; ii. collection and treatment of prices; iii. replacements and quality adjustment; iv. index compilation; v. revisions; vi. special indices; vi. treatment of products in specific areas. The Commission shall ensure that the implementing acts referred to in the first subparagraph do not result in a significant additional burden on the Member States or on the respondents.

Amendment 98 #

Proposal for a regulation
Article 4 – paragraph 4

4. In order to ensure uniform conditions~~, the appropriate methodology for producing comparable~~ of implementation of this Regulation, the appropriate methodology for obtaining basic information required for the compilation of harmonised indices shall be defined by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2). Such implementing acts shall concern: i. sampling and representativeness; ii. collection and treatment of prices; iii. replacements and quality adjustment; iv. index compilation; v. revisions; vi. special indices; vi. treatment of products in specific areas.

Amendment 99 #