European Classification of Individual Consumption according to Purpose (ECOICOP)

ECOICOP (European Classification of Individual Consumption according to Purpose) is based on COICOP (Classification of Individual Consumption according to Purpose), a reference classification published by the United Nations Statistics Division, which is used in National accounts, Household Budget surveys (HBS), Price Statistics (HICP) and Purchasing Power Parities (PPP). Parts of this classification are also used in Food safety statistics or environment statistics. ECOICOP is consistent with the UN version at four digits, harmonized and developed by Eurostat at 5-digit levels. The objectives are to lay down a framework of homogeneous categories of goods and services, which are considered as a function or purpose of expenditure by households with the object of classifying transactions in relation to individual consumption, social transfers and households' real consumption. Legal basis: Regulation (EU) 2016/792 of the European Parliament and of the Council of 11 May 2016 on harmonised indices of consumer prices and the house price index, and repealing Council Regulation (EC) No 2494/95, OJ L 135, 24.5.2016, p. 11 -38. ECOICOP is maintained by Eurostat and published by the Publications Office of the European Union on the EU Vocabularies website.