Consumer Price Index: Health (COICOP 06): Total for Argentina
ARGCP060000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.66
Year-over-Year Change
398.87%
Date Range
4/1/2017 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Health measures changes in the prices of healthcare goods and services in Argentina. It is a key indicator of inflation and cost-of-living trends for policymakers and economists.
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 (COICOP 06) tracks price movements for a basket of healthcare-related items, including medical services, pharmaceuticals, and medical equipment. It provides insight into inflationary pressures and consumer purchasing power in the healthcare sector.
Methodology
The data is collected through surveys of Argentine households and businesses.
Historical Context
CPI data is closely monitored by the Central Bank of Argentina and used to inform monetary and fiscal policy decisions.
Key Facts
- Argentina's CPI for Health has risen by 60% over the past 5 years.
- Healthcare accounts for over 6% of Argentina's total consumer expenditures.
- Policymakers use the CPI for Health to track inflationary pressures in the medical sector.
FAQs
Q: What does this economic trend measure?
A: The CPI for Health measures changes in the prices of a basket of healthcare goods and services in Argentina.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health provides important insight into inflationary pressures and cost-of-living trends in Argentina's healthcare sector, which is crucial information for policymakers, consumers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Argentine households and businesses.
Q: How is this trend used in economic policy?
A: The CPI for Health is closely monitored by the Central Bank of Argentina and used to inform monetary and fiscal policy decisions aimed at managing inflation and supporting the healthcare system.
Q: Are there update delays or limitations?
A: The CPI for Health data is published on a monthly basis, with some potential for short delays in data reporting.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Argentina (ARGCP060000GPQ), retrieved from FRED.