Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for European Union (27 Countries from 2020)
CP0610EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.16
Year-over-Year Change
2.08%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment tracks price changes for healthcare-related consumer goods in the European Union. This economic indicator is closely monitored by policymakers and analysts to assess inflationary pressures and consumer purchasing power.
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 inflation across the European Union, providing a comparable metric for tracking price changes over time. The Medical Products, Appliances and Equipment component specifically focuses on a basket of healthcare-related consumer items, offering insights into this important sector of the economy.
Methodology
The data is collected through surveys of consumer prices across EU member states and aggregated into the HICP.
Historical Context
The HICP data is widely used by the European Central Bank and national governments to inform monetary and fiscal policy decisions.
Key Facts
- The HICP tracks price changes for over 100 consumer goods and services across the EU.
- Medical products and equipment account for approximately 5% of the total HICP basket.
- The HICP is calculated monthly and published by Eurostat, the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment measures changes in the prices of healthcare-related consumer goods in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insights into inflationary pressures and consumer purchasing power in the healthcare sector, which is a key area of interest for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices across EU member states and aggregated into the HICP by Eurostat.
Q: How is this trend used in economic policy?
A: The HICP data is widely used by the European Central Bank and national governments to inform monetary and fiscal policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a typical lag of around one month, and the methodology is standardized across the EU to ensure comparability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for European Union (27 Countries from 2020) (CP0610EU272020M086NEST), retrieved from FRED.