Harmonized Index of Consumer Prices: Health for European Union (28 Countries)
CP0600EU28M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.17
Year-over-Year Change
1.36%
Date Range
12/1/1999 - 1/1/2020
Summary
The Harmonized Index of Consumer Prices (HICP) for Health in the European Union (28 countries) tracks changes in the prices of healthcare goods and services. This metric is important for monitoring inflation and consumer spending patterns in the EU.
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 for Health is a key economic indicator that measures the price changes of a representative basket of healthcare-related products and services in the European Union. Policymakers and analysts use this data to assess the impact of healthcare costs on overall consumer prices and living standards.
Methodology
The data is collected through surveys of consumer expenditures and prices by national statistical agencies and aggregated by Eurostat.
Historical Context
The HICP for Health is used to inform monetary and fiscal policies that aim to promote price stability and economic growth in the EU.
Key Facts
- The HICP for Health has been published monthly since 1996.
- Healthcare is one of the 12 major expenditure categories tracked by the HICP.
- The EU uses the HICP as the primary measure of inflation for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Health measures the changes in prices of a basket of healthcare goods and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Health is an important indicator for monitoring inflation and consumer spending on healthcare, which is crucial for policymakers and economists analyzing the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by national statistical agencies in the EU and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP for Health is used to inform monetary and fiscal policies aimed at promoting price stability and economic growth in the European Union.
Q: Are there update delays or limitations?
A: The HICP for Health is published monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Health for European Union (28 Countries) (CP0600EU28M086NEST), retrieved from FRED.