Comparison of HICP and HICP-CT data in 2019
In 2019, a change in excise duties was recorded in June 2019 only, when excise duties on cigarettes and tobacco increased. At annual level, the difference between the harmonized index of consumer prices at constant tax rates (HICP-CT) and the harmonized index of consumer prices (HICP) was visible in the group alcoholic beverages and tobacco (the indices differed by 1.0 of a percentage point). Due to higher excise duties on cigarettes and tobacco, prices in this group increased by 1.9%, whereas with unchanged excise duties they would have increased by 0.9%.
Annual HICP-CT was 101.9 and HICP was 102.0; higher excise duties in 2019 thus increased the annual inflation by 0.1 of a percentage point.