Commission Implementing Regulation (EU) 2024/1720 of 20 June 2024 amending Regulation (EU) 2020/1148 as regards the index compilation of the harmonised indices of consumer prices

1 Member States may apply a level-shift adjustment if and only if the introduction of a significant change in the production method, as defined in Article 2(21) of Regulation (EU) 2016/792, results in a permanent and significant shift, upwards or downwards, in the level of the chain-linked index.

2 The level-shift adjustment shall be applied at the most detailed level at which the indices calculated according to the current and new production methods can be linked.

3 Member States shall inform the Commission (Eurostat) of the sub-indices to which level-shift adjustments are applied and of the value of the adjustments at the time of the first transmission of data to which the adjustments are made’.

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.