![]() ![]() The Governing Council welcomes the European Statistical System’s related work on the statistical compilation of owner-occupied housing. This includes everyday items such as food, newspapers and petrol, durable goods such as computers and washing machines, and services such as hairdressing, insurance and rented housing.įollowing the 2021 Strategy Review, the Governing Council recommended that home-ownership costs be included in the Harmonised Index of Consumer Prices to better reflect people’s experiences of rising prices. The technical name for these expenditures is “household final monetary consumption expenditure”. Basically all consumer goods and services purchased by means of monetary transactions come within the scope of the HICP.
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