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The Consumer Price Index measures the change in prices over time of a set of goods and services (CPI basket) representative of Italian household consumption.
Istat estimates that in March 2011:
• the National Consumer Price Index for the whole nation CPI (see Italian NIC) - used to measure inflation over the entire Italian economic system - rose by 0.4 compared to the previous month and by 2.5% in comparison to the same month of the previous year;
• the EU Harmonized Index of Consumer Prices HICP (see Italian IPCA) - developed to facilitate the comparison of inflation between Member States - rose by 2.0% compared to the previous month and by 2.6% in comparison to the same month of the previous year.