Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for European Union (27 Countries from 2020)
CP0612EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.38
Year-over-Year Change
2.04%
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 prices for a range of healthcare-related goods and services in the European Union. This metric is a key indicator for policymakers and analysts monitoring inflation and consumer spending trends.
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 the European Union. The Other Medical Products, Therapeutic Appliances and Equipment component specifically covers a basket of healthcare-related items, providing insights into price changes for these essential consumer goods.
Methodology
The data is collected through surveys of retail prices and aggregated by Eurostat.
Historical Context
This HICP metric is used by the European Central Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The HICP tracks price changes for over 100 consumer goods and services in the EU.
- Healthcare is one of the main components of the overall HICP basket.
- The EU uses the HICP as the official measure of inflation for monetary policy.
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 healthcare-related consumer goods and services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This HICP metric provides important insights into inflationary pressures in the healthcare sector, which is a key component of consumer spending and a focus area for policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and aggregated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The HICP for Other Medical Products, Therapeutic Appliances and Equipment is used by the European Central Bank and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically published on a monthly basis, with a lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for European Union (27 Countries from 2020) (CP0612EU272020M086NEST), retrieved from FRED.