This question is based on the article, 'Measuring price stability in Covid times,' published by The Center for European Policy Studies (CEPS) on...
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This question is based on the article, "Measuring price stability

in Covid times," published by The Center for European Policy Studies (CEPS) on October 20, 2020. The article discusses the use of alternative measures of inflation for macroeconomic policy response to the Covid pandemic in the European Monetary Union (EMU). The article compares three measures of inflation: GDP deflator, the harmonized index of consumer prices (HICP), and the core, which is calculated the same way as HICP, but excludes energy and food items.


According to the article, a temporary policy change in some European countries has reduced the current HICP inflation rate. Since this change will be reversed before long, focusing on the current HICP inflation may lead to incorrect policy decision. What is that policy change? In this context, why would it help if policymakers take account of GDP deflator in addition to HICP at this time?


(see link for article below):
https://www.ceps.eu/measuring-price-stability-in-covid-times/

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