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HICP annual inflation estimated stands at 4.3% in Dec
07
Jan '08
The HICP annual inflation is expected to be 4.3% in December 2007, according to the flash estimate issued by the INE. This index provides a preview of the HICP that, if confirmed, would imply a two-tenths reduction on the annual rate, since in November this variation was 4.1%.

The INE issues this indicator with the aim of incorporating it into the calculation of the HICP flash estimate of the European Monetary Union (EMU) published by Eurostat. Obtaining this EMU flash estimate forms part of the Eurostat and European Central Bank policy of offering timely and quality data that is comparable with that produced by the United States.

Computation of the flash estimate:
The flash estimate is computed using the same methodology as that used for HICP. The difference between these indicators lies in the information used. The flash estimation procedure uses statistical modelling methods to estimate the information not available at the time of publication.

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