Consumer Price Index: Health (COICOP 06): Total for Argentina
ARGCP060000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.87
Year-over-Year Change
287.73%
Date Range
1/1/2017 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Health in Argentina measures the changes in prices for healthcare goods and services, providing insight into the cost of living and inflationary pressures in the country.
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 CPI for Health in Argentina is a key economic indicator that tracks the price movements of a basket of healthcare-related items, including medical services, pharmaceuticals, and medical equipment. It is used by policymakers, economists, and consumers to understand the impact of inflation on the healthcare sector.
Methodology
The data is collected through surveys of households and businesses, with prices monitored on a monthly basis.
Historical Context
The CPI for Health is an important input for Argentina's monetary policy and can influence decisions on interest rates and other economic measures.
Key Facts
- The CPI for Health in Argentina has a base year of 2018.
- Healthcare accounts for approximately 5% of the total consumer expenditure basket in Argentina.
- Argentina's CPI for Health has shown consistent year-over-year increases since 2020.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Argentina measures the changes in prices for a basket of healthcare-related goods and services, including medical care, pharmaceuticals, and medical equipment.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a crucial indicator for understanding the impact of inflation on the healthcare sector in Argentina, which is important for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses, with prices monitored on a monthly basis.
Q: How is this trend used in economic policy?
A: The CPI for Health in Argentina is an important input for the country's monetary policy, as it can influence decisions on interest rates and other economic measures.
Q: Are there update delays or limitations?
A: The CPI for Health data is typically released on a monthly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Argentina (ARGCP060000GPM), retrieved from FRED.