Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Czech Republic
CP0612CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.70
Year-over-Year Change
2.97%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Medical Products, Therapeutic Appliances and Equipment tracks changes in the prices of medical-related consumer goods and services in the Czech Republic.
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 key economic indicator used to measure inflation and monitor price stability within the European Union. This specific index focuses on prices for medical equipment, devices, and supplies, providing insights into healthcare-related consumer costs.
Methodology
The data is collected through consumer price surveys and calculated using a harmonized methodology across EU member states.
Historical Context
The HICP is used by policymakers and economists to analyze consumer spending patterns and assess the overall health of the Czech economy.
Key Facts
- The HICP is published monthly by Eurostat.
- This index tracks over 300 consumer goods and services.
- The base year for the HICP is 2015.
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 changes in the prices of medical-related consumer goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This HICP index provides insights into healthcare-related consumer costs, which is important for understanding overall inflation and consumer spending patterns in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated using a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: The HICP is used by policymakers and economists to analyze consumer spending patterns and assess the overall health of the Czech economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat with minimal delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Czech Republic (CP0612CZM086NEST), retrieved from FRED.