Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Estonia
CP0610EEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.68
Year-over-Year Change
3.87%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Medical Products, Appliances and Equipment for Estonia measures changes in the prices of medical products, appliances, and equipment over time in Estonia. This index is a key indicator of consumer inflation and purchasing power in the Estonian 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 index used across the European Union to track and compare consumer price trends. The Medical Products, Appliances and Equipment component specifically monitors inflation in the prices of healthcare-related goods and services, providing valuable insights for policymakers and analysts.
Methodology
The data is collected through a nationwide survey of consumer prices and then aggregated to calculate the HICP index.
Historical Context
The HICP trends are used by the European Central Bank and Estonian officials to inform monetary and fiscal policies.
Key Facts
- The HICP tracks price changes for a basket of consumer goods and services.
- Estonia joined the eurozone in 2011 and began reporting HICP data.
- Medical equipment and supplies account for a significant portion of household spending in Estonia.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Medical Products, Appliances and Equipment for Estonia measures changes in the prices of medical products, appliances, and equipment over time in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer inflation and purchasing power in the Estonian healthcare sector, which is essential information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and then aggregated to calculate the HICP index.
Q: How is this trend used in economic policy?
A: The HICP trends are used by the European Central Bank and Estonian officials to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with minimal delays, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Estonia (CP0610EEM086NEST), retrieved from FRED.