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h
Harmonised Index of Consumer Prices (HICP)
A price index with a definition and methodology harmonised across the European Union, allowing for comparisons between countries.
i
Underlying inflation
A measure of inflation that provides a fundamental trend in price developments. It reflects the deep evolution in production costs and the match between supply and demand. Underlying inflation is therefore more appropriate for analysing inflationary pressures, as it is less affected by exogenous factors.
m
Median
A value that divides a distribution into two equal parts. For example, in a distribution of wages, 50% of wages are below the median value and 50% are above it.