BETA
This is a historical view (2015/12/31)

Changes: 2021/12/18docs.docs.url, procedure.Other_legal_basis, events, events.type, events.docs.url, procedure.Modified_legal_basis, committees.shadows, docs, 2020/01/19committees, events.docs.url, docs.body, 2019/07/06events, procedure.final.url, procedure.dossier_of_the_committee, activities, procedure.summary, other, procedure.subject, commission, committees, procedure.instrument, procedure.Modified_legal_basis, docs, 2016/05/28procedure.final, procedure.stage_reached, activities.docs.url, activities, 2016/05/27procedure.title, activities.docs.url, 2016/05/26activities.docs.url, 2016/05/19activities.docs.url, 2016/05/15activities.docs.url, 2016/05/14activities.docs.url, 2016/05/13procedure.stage_reached, activities, 2016/05/12activities.docs.url, 2016/05/10activities.docs.url, 2016/05/09activities.docs.url, 2016/05/08activities.docs.url, 2016/05/07activities.docs.url, 2016/05/06activities.docs.url, 2016/05/04activities.docs.url, 2016/04/23activities.docs.url, 2016/04/22activities.docs.url, 2016/04/21activities.docs.url, 2016/04/19activities.docs.url, 2016/04/18activities.docs.url, 2016/04/17activities.docs.url, 2016/04/15activities.docs.url, 2016/04/14activities.docs.url, 2016/04/13activities.docs.url, 2016/04/12activities.docs.url, 2016/04/11activities.docs.url, 2016/04/10activities.docs.url, 2016/04/09activities.docs.url, 2016/04/08activities.docs.url, 2016/04/05activities.docs.url, 2016/04/04activities.docs.url, 2016/04/03activities.docs.url, 2016/04/02activities.docs.url, 2016/03/31activities.docs.url, 2016/03/28activities.docs.url, 2016/03/27activities.docs.url, 2016/03/26activities.docs.url, 2016/03/24activities.docs.url, 2016/03/18activities.docs.text, activities.docs.url, 2016/03/17activities.docs.url, 2016/03/16activities.docs.url, 2016/03/15procedure.stage_reached, activities.docs.url, 2016/03/14activities.docs.url, 2016/03/13activities.docs.url, 2016/03/12activities.docs.url, 2016/03/11activities.docs.url, 2016/03/10procedure.stage_reached, activities.type, activities.docs, 2016/03/09activities.docs.url, 2016/03/05activities.docs.url, 2016/03/02activities.docs.url, 2016/02/29activities.docs.url, 2016/02/27activities.docs.url, 2016/02/26activities.type, 2016/02/22activities.docs.url, 2016/02/20activities.docs.url, 2016/02/18activities.docs.url, 2016/02/14activities.docs.url, 2016/02/07activities.docs.url, 2016/02/05activities.docs.url, 2016/01/31activities.docs.url, 2016/01/26activities.docs.url, 2016/01/25activities.docs.url, 2016/01/24activities.docs.url, 2016/01/21activities.docs.url, 2016/01/18activities.docs.url, 2016/01/16activities.docs.url, 2016/01/15activities.docs.url, 2016/01/13activities.docs.url, 2016/01/11activities.docs.url, 2016/01/10activities.docs.url, 2016/01/03activities.docs.url, 2016/01/02activities.docs.url, 2016/01/01activities.docs.url, 2015/12/31activities.docs.url

View current state | View Changes for this date

Awaiting Parliament 1st reading / single reading / budget 1st stage



2014/0346(COD) Harmonised indices of consumer prices
Next event: Indicative plenary sitting date, 1st reading/single reading 2016/03/08
RoleCommitteeRapporteurShadows
Lead ECON GUALTIERI Roberto (S&D) MARTUSCIELLO Fulvio (EPP), SWINBURNE Kay (ECR), GOULARD Sylvie (ALDE), VIEGAS Miguel (GUE/NGL), EICKHOUT Bas (Verts/ALE), VALLI Marco (EFD)
Opinion IMCO
Lead committee dossier: ECON/8/02259
Legal Basis TFEU 338-p1

Activites

  • 2016/03/08 Indicative plenary sitting date, 1st reading/single reading
  • 2015/10/27 Committee report tabled for plenary, 1st reading/single reading
    • A8-0313/2015 summary
  • 2015/10/13 Committee decision to open interinstitutional negotiations with report adopted in committee
  • 2015/10/13 Vote in committee, 1st reading/single reading
  • 2014/12/15 Committee referral announced in Parliament, 1st reading/single reading
  • 2014/12/09 Legislative proposal published
    • COM(2014)0724 summary
    • DG {'url': 'http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home', 'title': 'Eurostat'}, THYSSEN Marianne

Documents

  • Legislative proposal published: COM(2014)0724
  • Committee report tabled for plenary, 1st reading/single reading: A8-0313/2015
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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  • 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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MARTUSCIELLO Fulvio
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EPP
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MARTUSCIELLO Fulvio
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ALDE
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GOULARD Sylvie
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ALDE
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GOULARD Sylvie
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VIEGAS Miguel
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  • group: EFD name: VALLI Marco
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activities/2
date
2015-07-15T00:00:00
body
EP
type
Vote scheduled in committee, 1st reading/single reading
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2015-01-13T00:00:00
activities/1/committees/0/rapporteur
  • group: S&D name: GUALTIERI Roberto
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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