Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Austria
CP0610ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.10
Year-over-Year Change
3.02%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in Austria tracks changes in the prices of healthcare-related goods and services. This key economic indicator helps measure inflation and informs policy decisions.
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 consumer price inflation across European Union countries. The Medical Products, Appliances and Equipment index specifically monitors price trends for healthcare-related items, providing insight into an important component of household spending and broader economic conditions.
Methodology
The data is collected through surveys of consumer expenditure and prices paid by households.
Historical Context
This index is used by the European Central Bank and other policymakers to assess price stability and the overall health of the Austrian and European economies.
Key Facts
- Austria's HICP for Medical Products, Appliances and Equipment has a base year of 2015 = 100.
- This index accounts for approximately 5% of the total Austrian consumer price index basket.
- Price changes in this category can impact overall inflation and household purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in Austria tracks changes in the prices of healthcare-related goods and services consumed by households.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into inflation pressures and consumer purchasing power in the healthcare sector, which is a significant component of household budgets and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditure and prices paid by households.
Q: How is this trend used in economic policy?
A: The HICP for Medical Products, Appliances and Equipment in Austria is used by the European Central Bank and other policymakers to assess price stability and the overall health of the Austrian and European economies.
Q: Are there update delays or limitations?
A: There may be some delays in data collection and reporting, but the HICP is a widely-recognized, standardized measure of consumer price inflation across the European Union.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Austria (CP0610ATM086NEST), retrieved from FRED.