Search Investopedia

Monetary Union Index Of Consumer Prices - MUICP

Filed Under » , ,
Dictionary Says

Definition of 'Monetary Union Index Of Consumer Prices - MUICP'

An average measure of inflation for all countries located in the Eurozone. It is a statistical indicator whose objective is to facilitate making comparisons of inflation between the European Union and other economies such as the U.S.
Investopedia Says

Investopedia explains 'Monetary Union Index Of Consumer Prices - MUICP'

MUICP is calculated by taking the weighted average of HICPs from each country within the Eurozone (this includes Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Slovenia and Spain). The weightings of each country are updated every year for the calculation of the MUICP, and they reflect expenditure on final private domestic consumption in Euros.

Related Definitions

  •

    Consumer Price Index - CPI

    A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price ...
    Read More »

  • Harmonized Index Of Consumer Prices - HICP

    A list of the final costs paid by European consumers for the items in a basket of common goods. The Harmonized Index of Consumer Prices (HICP) is produced by each European Union member ...
    Read More »

  • Inflation

    The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with ...
    Read More »

    • Monetary Policy

      The actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary ...
      Read More »

    • Euromarket

      The market that includes all of the European Union member countries - many of which use the same currency, the euro. All tariffs between Euromarket member countries have been abolished, ...
      Read More »

    • Indicator

      Statistics used to measure current conditions as well as to forecast financial or economic trends. Indicators are used extensively in technical analysis to predict changes in stock ...
      Read More »

    • EUR

      The currency code used in the general industry to represent the euro, the official currency for more than half of the 27 members of the European Union (EU). The Eurozone states are ...
      Read More »

    • Halo Effect

      The halo effect is a term used in marketing to explain the bias shown by customers towards certain products because of a favorable experience with other products made by the same ...
      Read More »

Articles Of Interest

Sponsored links
Hot Definitions
Partner Links
Suggested Definitions