Consumer Price Index: Health (COICOP 06): Total for Estonia
ESTCP060000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
69.74%
Date Range
4/1/1998 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Health in Estonia measures the changes in prices for a basket of healthcare goods and services. This key economic indicator is closely watched by policymakers to understand inflation and cost-of-living 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 CPI for Health in Estonia is a subindex of the overall Consumer Price Index that tracks the prices paid by consumers for a representative sample of healthcare products and services. It is an important metric for evaluating the affordability of medical care and the impact of healthcare costs on household budgets.
Methodology
The data is collected through regular surveys of prices paid by Estonian consumers at the point of purchase.
Historical Context
The CPI for Health is a critical input for economic policy decisions and analysis of the Estonian healthcare sector.
Key Facts
- The CPI for Health has risen by 7.2% over the past year in Estonia.
- Healthcare accounts for 6.3% of the total Estonian consumer price basket.
- Prices for medical services have increased faster than for medical goods in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Health in Estonia measures the changes in prices paid by consumers for a basket of healthcare goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a key indicator of healthcare affordability and a critical input for economic policymaking and analysis of the Estonian healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices paid by Estonian consumers at the point of purchase.
Q: How is this trend used in economic policy?
A: The CPI for Health is closely watched by Estonian policymakers to understand inflation and cost-of-living trends, and to inform decisions related to the healthcare sector.
Q: Are there update delays or limitations?
A: The CPI for Health data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Estonia (ESTCP060000GPQ), retrieved from FRED.