Commission Implementing Regulation (EU) 2020/1148

means the amounts paid for a specific insurance policy to obtain insurance cover over a stated time period;

means a procedure to obtain an estimated price for a seasonal product so that:

means a procedure to obtain an estimated price for a seasonal product so that:

means the smallest aggregate used in a Laspeyres-type index;

means an index for an elementary aggregate or an index for a stratum within an elementary aggregate;

means a price based on an appropriate estimation procedure;

means a percentage of total household final monetary consumption expenditure, as specified in the Annex;

means central government, state government, local government and social security funds, as defined in paragraphs 2.113-2.117 of Annex A to ESA 2010;

means a set of product-offers among which there are no significant quality differences and for which an average price is calculated;

means the output of insurance companies, as defined in paragraph 16.51 of Annex A to ESA 2010;

means a product-offer or a homogeneous product;

means individual taxes on products that relate to household consumption and are included in the following categories, defined in Table 9 (‘Detailed tax and social contribution receipts by type of tax or social contribution and receiving sub-sector including the list of taxes and social contributions according to national classification’) in Annex B to ESA 2010:

means a change, often temporary, in the characteristics of an individual product by increasing the quantity of the product, attaching another individual product free of charge or offering other benefits to the consumer;

means multiplying the index using the new production method in the HICP and the HICP-CT, having December of year t – 1 as the price reference period, with a respective level-shift factor, starting from the first month when the new production method is introduced until the end of the calendar year.

means a factor determined by the ratio between the price changes obtained using current and new production methods, whereby the price change is measured from a calendar year to the price reference period, respectively: Levelshift factortChIyChIDec t – 1ChINEWyChINEWDect – 1, with yt.

means claims as defined in paragraph 4.114 of Annex A to ESA 2010;

means the consumer price of an individual product, as used by the Member State for the HICP compilation;

means a product specified by its characteristics, the timing and place of purchase and the terms of supply, and for which a price is observed;

means indices or weights that a Member State is expected to finalise in a later month;

means a procedure of increasing or decreasing the observed price of a replacement product or the replaced product by the value of the quality difference between them;

means a difference between the characteristics, timing, place of purchase or terms of supply of two individual products, where this is relevant from the consumer’s perspective;

means a partial or complete payment by government or non-profit institutions serving households of approved purchases by households of specified products, as defined in paragraphs 4.108-4.110 of Annex A to Regulation (EU) No 549/2013 of the European Parliament and of the Council (ESA 2010);

means an individual product that replaces another individual product in the target sample;

means a change in the indices or weights published by the Commission (Eurostat).

means a treatment whereby prices of out-of-season seasonal products are estimated using counter-seasonal or all-seasonal estimation;

means an individual product that is available for purchase or purchased in significant amounts only part of a year in a recurring pattern.

means a treatment of seasonal products in which weights for out-of-season seasonal products are zero or set to zero;

means the weight for any category of the European classification of individual consumption according to purpose (ECOICOP), as set out in Annex I to Regulation (EU) 2016/792, included in the HICP;

means a set of individual products that pertain to transactions from the target universe and for which price data are to be used for HICP compilation;

means a list of prices and conditions for a product that is differentiated according to the quantities purchased, the timing of consumption or the characteristics of purchasers;

means taxes that are payable per unit of a given good or service produced or transacted, as defined in paragraphs 4.16-4.20 of Annex A to ESA 2010;

means the property whereby the index between periods (a) and (b) is equal to the inverse of the same index between periods (b) and (a);

means the property whereby an index that compares periods (a) and (b) indirectly through period (c) is identical to one that compares periods (a) and (b) directly;

means an estimated price for a seasonal product that is not exceptional such as an end-of-season sales price;