Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0610E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.64
Year-over-Year Change
2.09%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment tracks inflation in the prices of healthcare-related goods and services across the European Economic Area (EEA). This provides valuable data for policymakers and economists assessing consumer spending patterns.
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 Medical Products, Appliances and Equipment index measures the change over time in the prices of a fixed basket of medical goods and services purchased by households in the EEA. It is an important indicator for understanding consumer demand and evaluating the effectiveness of economic policies.
Methodology
The data is collected through regular surveys of consumer prices by national statistical agencies and harmonized by Eurostat.
Historical Context
This index is used by central banks, governments, and analysts to monitor inflationary pressures and inform economic policy decisions.
Key Facts
- The EEA includes the 27 EU member states plus Iceland, Liechtenstein, and Norway.
- The index base year is 2015 = 100.
- Prices are measured net of VAT and other deductible taxes.
FAQs
Q: What does this economic trend measure?
A: The HICP for Medical Products, Appliances and Equipment measures changes in the prices of healthcare-related goods and services purchased by households in the European Economic Area.
Q: Why is this trend relevant for users or analysts?
A: This index provides important data for understanding consumer spending patterns and inflationary pressures in the healthcare sector, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys by national statistical agencies and harmonized by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks, governments, and analysts use this index to monitor inflation and inform economic policy decisions related to the healthcare sector.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and the index may not capture all consumer healthcare expenditures.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0610E3CCM086NEST), retrieved from FRED.