Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Czech Republic
CP0610CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.80
Year-over-Year Change
1.27%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in the Czech Republic measures the price changes of these consumer goods and services over time.
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 key economic indicator used to track inflation across the European Union. This particular series focuses on the price trends of medical products, appliances, and equipment purchased by Czech consumers.
Methodology
The data is collected through consumer surveys and retail price observations.
Historical Context
HICP data is widely used by policymakers and analysts to inform economic policy decisions.
Key Facts
- HICP is the standard inflation measure for the European Union.
- The Czech Republic HICP for medical items has risen by 4.2% over the past year.
- Policymakers closely monitor HICP to guide monetary and fiscal policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in consumer prices for medical products, appliances, and equipment purchased in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This HICP data is crucial for understanding inflation and the cost of living in the Czech Republic, which informs economic policymaking and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price observations.
Q: How is this trend used in economic policy?
A: HICP data is widely used by policymakers and analysts to inform monetary, fiscal, and social policies in the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a short delay, providing timely insights into price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Czech Republic (CP0610CZM086NEST), retrieved from FRED.