OpenLegislation

Article 1

United Kingdom

Original text. Later amendments are not shown.

Regulation (EC) No 2214/96 is amended as follows:

  1. (1)

    In Article 2, the following subparagraph is added:

    ‘Harmonised indices of consumer prices at constant tax rates’ means indices that measure changes in consumer prices without the impact of changes in rates of taxes on products over the same period of time.’;

  2. (2)

    Article 3 is replaced by the following:

    ‘Production and provision of sub-indices

    Article 3
    1.

    Member States shall produce and provide to the Commission (Eurostat) each month all sub-indices (Annex I) which have a weight accounting for more than one part in a thousand of the total expenditure covered by the HICP. Together with the index for January each year, Member States shall provide corresponding weighting information to the Commission (Eurostat).

    2.

    In addition, Member States shall produce and provide to the Commission (Eurostat) each month the same sub-indices computed at constant tax rates (HICP-CT). The Commission (Eurostat), in close cooperation with the Member States, shall establish guidelines that provide a methodological framework for the computation of the HICP-CT index and sub-indices. When duly justified, the Commission (Eurostat) shall update the reference methodology, in accordance with procedural arrangements approved by the European Statistical System Committee.

    3.

    Indices shall be provided following the standards and procedures for provision of data and metadata as established by the Commission (Eurostat).’