Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Denmark
CP0621DKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.90
Year-over-Year Change
2.20%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Services and Paramedical Services in Denmark measures the changes in prices paid by consumers for these healthcare services. It is a key indicator for understanding inflationary trends in the Danish healthcare sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HICP is a standardized measure of consumer price inflation across European Union countries. The Medical Services and Paramedical Services index specifically tracks price changes for items like doctor visits, hospital services, and allied health professionals in Denmark. This data is widely used by economists and policymakers to assess healthcare costs and inform policy decisions.
Methodology
The HICP data is collected through surveys of consumer expenditures and prices by Denmark's national statistical agency.
Historical Context
The HICP for healthcare services in Denmark is referenced by the European Central Bank and other institutions to monitor price stability and the overall cost of living.
Key Facts
- The HICP covers around 60% of consumer spending in Denmark.
- Healthcare services account for over 4% of the total HICP basket in Denmark.
- Prices for medical and paramedical services have risen faster than overall inflation in Denmark in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Services and Paramedical Services in Denmark measures changes in the prices paid by consumers for healthcare services.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding inflationary pressures and the cost of living in the Danish healthcare sector, which is vital information for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of consumer expenditures and prices by Denmark's national statistical agency.
Q: How is this trend used in economic policy?
A: The HICP for healthcare services in Denmark is referenced by the European Central Bank and other institutions to monitor price stability and the overall cost of living.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Denmark (CP0621DKM086NEST), retrieved from FRED.