Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Germany
CP0610DEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.40
Year-over-Year Change
2.38%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in Germany measures the price changes of these goods and services in the German consumer market. This metric is a key indicator of inflation and consumer purchasing power.
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 inflation across European Union countries, allowing for cross-country comparisons. The Medical Products, Appliances and Equipment component specifically tracks pricing for healthcare-related goods and household equipment, providing insight into a critical segment of the German economy.
Methodology
The German Federal Statistical Office collects price data from a representative sample of retail outlets to calculate the HICP.
Historical Context
Policymakers and economists closely monitor the HICP to assess the overall health of the German economy and guide monetary policy decisions.
Key Facts
- Germany is the largest economy in the Eurozone.
- The HICP is a key metric for the European Central Bank's monetary policy.
- Medical and household goods make up a significant portion of German consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in Germany measures the price changes of these goods and services in the German consumer market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into inflation and consumer purchasing power for a critical segment of the German economy, helping inform policymakers and analysts.
Q: How is this data collected or calculated?
A: The German Federal Statistical Office collects price data from a representative sample of retail outlets to calculate the HICP.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the HICP to assess the overall health of the German economy and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a relatively short time lag, providing timely insights into German consumer price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Germany (CP0610DEM086NEST), retrieved from FRED.