Harmonized Index of Consumer Prices: Hospital Services for Czech Republic
CP0630CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.90
Year-over-Year Change
13.07%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Hospital Services in the Czech Republic tracks price changes in medical care services. This metric is a key indicator of healthcare inflation and a valuable tool for economic policymakers.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Hospital Services HICP specifically focuses on price trends in inpatient and outpatient medical care, providing insight into healthcare cost dynamics.
Methodology
The Czech Statistical Office collects price data from a sample of hospitals and clinics to calculate this monthly index.
Historical Context
Policymakers and analysts use the Hospital Services HICP to gauge inflationary pressures in the healthcare sector and inform monetary and fiscal policies.
Key Facts
- The HICP is a standardized inflation measure used across the EU.
- Hospital services account for a significant portion of consumer spending.
- Policymakers monitor healthcare inflation to inform economic policies.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Hospital Services tracks price changes in inpatient and outpatient medical care in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into healthcare cost dynamics and inflationary pressures in the medical sector, which is crucial information for economic policymakers.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of hospitals and clinics to calculate this monthly index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Hospital Services HICP to gauge inflationary pressures in the healthcare sector and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with minimal delays, providing timely insights into healthcare cost trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Hospital Services for Czech Republic (CP0630CZM086NEST), retrieved from FRED.