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:
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 Links:
What causes inflation? How does it affect your investments and standard of living? This tutorial has the answers. All About Inflation
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone. Macroeconomic Analysis
As a measure of inflation, this index can help you make key financial decisions. The Consumer Price Index: A Friend To Investors
