Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for European Union (27 Countries from 2020)
CP0621EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.28
Year-over-Year Change
3.07%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical and Paramedical Services tracks changes in prices paid by consumers in the European Union (EU) for healthcare-related goods and services. This metric is a key indicator of inflation within the EU's healthcare sector.
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 for Medical and Paramedical Services is a subcomponent of the broader HICP, which measures consumer price inflation across the EU. This specific index focuses on price changes for medical treatments, procedures, and support services, providing insight into healthcare affordability and access.
Methodology
The data is collected through surveys of consumers and service providers across EU member states.
Historical Context
Policymakers and economists closely monitor this index to gauge inflationary pressures in the healthcare industry and inform fiscal and monetary policies.
Key Facts
- The HICP for Medical and Paramedical Services is a subcomponent of the broader EU Harmonized Index of Consumer Prices.
- This index tracks price changes for healthcare goods and services across the 27 EU member states.
- Monitoring this index helps policymakers assess inflationary pressures in the European healthcare sector.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical and Paramedical Services measures changes in prices paid by consumers in the European Union for healthcare-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into healthcare affordability and access, which is crucial for policymakers and economists assessing inflationary pressures in the European healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and service providers across EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to inform fiscal and monetary policies that address inflationary pressures in the healthcare industry.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the broader Harmonized Index of Consumer Prices for the European Union.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for European Union (27 Countries from 2020) (CP0621EU272020M086NEST), retrieved from FRED.