The monetary value of expenditure by private households as determined by official statistics and broken down by groups of goods in the price index of the standard of living. – See procurement shifts, Harmonized Index of Consumer Prices, inflation measurement, composition effect, quality changes. – See the annex „Euro area statistics“ to the respective ECB Monthly Bulletin, heading „Prices, output, demand and labor markets,“ subheading „HICP, other price and cost measures.“

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Professor Dr. Eckehard Krah, Dipl.rer.pol.
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https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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