Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Bulgaria
CP0612BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.35
Year-over-Year Change
3.15%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Medical Products, Therapeutic Appliances and Equipment measures the price changes of these goods and services in Bulgaria. It is a key indicator for monitoring consumer inflation and assessing the cost of living 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 standardized measure of consumer price inflation across European Union member states. The Other Medical Products, Therapeutic Appliances and Equipment component tracks the prices of a basket of these healthcare-related items, providing insights into a critical aspect of household expenditures.
Methodology
The data is collected through a nationwide survey of retailers and service providers.
Historical Context
Policymakers and analysts use this HICP component to understand trends in Bulgarian healthcare costs and their impact on overall consumer price inflation.
Key Facts
- The HICP for Other Medical Products, Therapeutic Appliances and Equipment in Bulgaria has a base year of 2015.
- This index is published monthly by the European Union's statistical agency, Eurostat.
- Bulgaria joined the European Union in 2007 and began reporting HICP data at that time.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Medical Products, Therapeutic Appliances and Equipment measures the price changes of these healthcare-related goods and services in Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insights into trends in Bulgarian healthcare costs and their impact on overall consumer price inflation, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retailers and service providers in Bulgaria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP component to understand the cost of living and inflationary pressures in the healthcare sector, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Bulgaria (CP0612BGM086NEST), retrieved from FRED.