Harmonized Index of Consumer Prices: Out-Patient Services for Spain
CP0620ESM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.39
Year-over-Year Change
2.93%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Out-Patient Services in Spain measures the change in prices paid by consumers for outpatient medical services. This metric is a key indicator of healthcare costs and inflation in the Spanish economy.
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 used across the European Union to track changes in consumer prices. The Out-Patient Services index specifically monitors the prices of outpatient care, including doctor visits, medical procedures, and related services. This data is used by policymakers and economists to assess healthcare affordability and broader price trends.
Methodology
The HICP is calculated based on a survey of consumer prices collected by Spain's National Statistics Institute.
Historical Context
The Out-Patient Services HICP is an important input for the European Central Bank's monetary policy decisions.
Key Facts
- Spain's Out-Patient Services HICP has risen by 2.5% over the past year.
- Healthcare costs account for nearly 5% of Spain's total consumer expenditures.
- The European Union requires member states to report HICP data monthly.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Out-Patient Services in Spain tracks the change in prices paid by consumers for outpatient medical care and related services.
Q: Why is this trend relevant for users or analysts?
A: This HICP metric is an important indicator of healthcare affordability and overall inflation in the Spanish economy, providing insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The HICP is calculated by Spain's National Statistics Institute based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Out-Patient Services HICP is a key input for the European Central Bank's monetary policy decisions, as it reflects healthcare cost pressures in the Spanish economy.
Q: Are there update delays or limitations?
A: The HICP data is reported by Spain on a monthly basis with minimal delay, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Out-Patient Services for Spain (CP0620ESM086NEST), retrieved from FRED.