Council Regulation (EC) No 2494/95 of 23 October 1995 concerning harmonized indices of consumer prices
Modified by
Regulation (EC) No 1882/2003 of the European Parliament and of the Councilof 29 September 2003adapting to Council Decision 1999/468/EC the provisions relating to committees which assist the Commission in the exercise of its implementing powers laid down in instruments subject to the procedure referred to in Article 251 of the EC Treaty, 303R1882, October 31, 2003
Regulation (EC) No 596/2009 of the European Parliament and of the Councilof 18 June 2009adapting a number of instruments subject to the procedure referred to in Article 251 of the Treaty to Council Decision 1999/468/EC with regard to the regulatory procedure with scrutinyAdaptation to the regulatory procedure with scrutiny — Part Four, 309R0596, July 18, 2009
Council Regulation (EC) No 2494/95of 23 October 1995concerning harmonized indices of consumer pricesTHE COUNCIL OF THE EUROPEAN UNION,Having regard to the Treaty establishing the European Community, and in particular Article 213 thereof,Having regard to the proposal from the CommissionOJ No C 84, 6. 4. 1995, p. 7.,Having regard to the opinion of the European ParliamentOJ No C 249, 25. 9. 1995.,Having regard to the opinion of the European Monetary InstituteOpinion delivered on 31 March 1995 (OJ No C 236, 11. 9. 1995, p. 11).,Having regard to the opinion of the Economic and Social CommitteeOJ No C 236, 11. 9. 1995, p. 11.,Whereas Article 109j of the Treaty requires the Commission and the EMI to report to the Council on the progress made by the Member States in the fulfilment of their obligations regarding the achievement of economic and monetary union in respect of a high degree of price stability;Whereas Article 1 of the Protocol on the convergence criteria referred to in Article 109j of the Treaty states that the required sustainable price performance for Member States should be in terms of inflation measured by means of the consumer price index on a comparable basis, taking into account differences in national definitions; whereas existing consumer price indices are not compiled on a directly comparable basis;Whereas there is a need for the Community and particularly its fiscal and monetary authorities to have regular and timely consumer price indices for the purpose of providing comparisons of inflation in the macro-economic and international context as distinct from indices for national and micro-economic purposes;Whereas it is recognized that inflation is a phenomenon manifesting itself in all forms of market transactions including capital purchases, government purchases, payments to labour as well as purchases by consumers; whereas it is recognized that a range of statistics, of which consumer price indices from an essential part, is relevant for an understanding of the inflationary process at national level and between the Member States;Whereas comparable indices of consumer prices may be produced instead of or in addition to similar indices of consumer prices already produced or to be produced in future by Member States;Whereas the production of comparable indices will involve costs to be allocated between the Community and Member States;Whereas, according to the principle of subsidiarity, the creation of common statistical standards for consumer price indices is a task that can be dealt with effectively only at Community level and whereas the collection of data and compilation of comparable consumer price indices will be implemented in each Member State under the aegis of the organizations and institutions responsible for compiling official statistics at national level;Whereas, with a view to the achievement of economic and monetary union, a consumer price index will be needed for the Community as a whole;Whereas the Statistical Programme Committee (SPC), established by Council Decision 89/382/EEC, EuratomOJ No L 181, 28. 6. 1989, p. 47., has given a favourable opinion on the draft Regulation,HAS ADOPTED THIS REGULATION: