Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Australia
AUSCP060000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.08
Year-over-Year Change
15.68%
Date Range
7/1/1990 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Health in Australia measures the change in prices paid by consumers for a basket of health-related goods and services. It is a key economic indicator used to track inflation and guide policymaking.
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 Australia is part of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers across a wide range of goods and services. The Health CPI specifically focuses on monitoring price changes for healthcare items like medical services, pharmaceuticals, and hospital services.
Methodology
The Australian Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the CPI for Health.
Historical Context
The Health CPI is closely watched by the Reserve Bank of Australia and other policymakers as an input for monetary policy decisions and economic forecasting.
Key Facts
- The Health CPI is a subindex of the broader Australian CPI.
- It tracks price changes for medical services, pharmaceuticals, and hospital services.
- The Health CPI is a key input for the Reserve Bank of Australia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Australia measures the change in prices paid by consumers for a basket of health-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI is a crucial economic indicator used to track inflation in the healthcare sector and guide policymaking by the Reserve Bank of Australia and other institutions.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the CPI for Health.
Q: How is this trend used in economic policy?
A: The Health CPI is closely monitored by the Reserve Bank of Australia and other policymakers as an input for monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The Health CPI is published quarterly by the Australian Bureau of Statistics, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Australia (AUSCP060000GYQ), retrieved from FRED.