Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Slovakia
CP0610SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.99
Year-over-Year Change
-1.14%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in Slovakia measures the cost of healthcare-related goods and services for consumers 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 HICP is a standard economic indicator used across the European Union to track inflation and consumer price changes. The Medical Products, Appliances and Equipment component provides insights into the pricing dynamics of healthcare-related items.
Methodology
This index is calculated by Eurostat based on a survey of consumer prices across Slovakia.
Historical Context
Policymakers and economists use the HICP to assess inflationary pressures and make informed decisions.
Key Facts
- HICP is a standardized inflation metric used across the EU.
- Medical products and equipment make up around 5% of Slovakia's HICP basket.
- Prices for this category have risen by 2.3% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Harmonized Index of Consumer Prices (HICP) for medical products, appliances, and equipment in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: The HICP for medical goods provides insights into healthcare-related inflationary pressures, which is useful for policymakers and economists analyzing the Slovak economy.
Q: How is this data collected or calculated?
A: This index is calculated by Eurostat based on a survey of consumer prices across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the HICP to assess inflationary conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with a lag of around 2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Slovakia (CP0610SKM086NEST), retrieved from FRED.