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The HICP inflation, or Harmonized Index of Consumer Prices inflation, is a measure of inflation used in the European Union. It measures the change in the price of goods and services over time and is based on a standard set of items that consumers typically purchase, such as food, housing, and transportation. The HICP inflation is designed to be comparable across EU countries, making it useful for policy and economic analysis at the regional level.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.