Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Romania
CP0610ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.38
Year-over-Year Change
3.75%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in Romania tracks changes in the prices of healthcare-related goods and services. This key economic indicator provides insight into healthcare-related inflation.
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 component specifically monitors price trends for medical devices, pharmaceuticals, and other healthcare-related consumer items in Romania.
Methodology
The data is collected through surveys of consumer expenditures and prices by Eurostat, the statistical office of the European Union.
Historical Context
This index is closely watched by policymakers and analysts to assess healthcare cost pressures and their impact on the broader economy.
Key Facts
- Tracks price changes for medical goods and services in Romania.
- An important indicator of healthcare-related inflation.
- Used by policymakers to monitor healthcare cost pressures.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Products, Appliances and Equipment in Romania tracks changes in the prices of healthcare-related consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into healthcare-related inflation, which is closely watched by policymakers and analysts to assess cost pressures and their impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor healthcare cost pressures and their potential effects on the overall economy.
Q: Are there update delays or limitations?
A: The HICP data is typically published monthly by Eurostat with a lag of around two months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Romania (CP0610ROM086NEST), retrieved from FRED.