Harmonized Index of Consumer Prices: Pharmaceutical Products for Finland
CP0611FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.61
Year-over-Year Change
1.39%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Pharmaceutical Products in Finland measures changes in the prices paid by Finnish consumers for pharmaceutical goods and services. This key economic indicator helps policymakers and analysts track inflationary pressures in the Finnish healthcare sector.
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, providing a comparable metric for assessing price trends. The Pharmaceutical Products component specifically tracks prices for a basket of common prescription and over-the-counter drugs, medical equipment, and related healthcare items.
Methodology
Data is collected monthly by Finland's national statistical agency through surveys of retail outlets and service providers.
Historical Context
The HICP for Pharmaceutical Products is used by the European Central Bank and Finnish government to monitor inflation and inform economic policymaking.
Key Facts
- Finland's HICP for Pharmaceutical Products has a base year of 2015.
- This index includes prices for prescription drugs, over-the-counter medicines, and medical equipment.
- Data is released on a monthly basis by Eurostat, the EU's statistical agency.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Pharmaceutical Products in Finland tracks changes in the prices paid by Finnish consumers for a basket of pharmaceutical goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric helps policymakers and economists monitor inflationary pressures in the Finnish healthcare sector, which is crucial for assessing the overall cost of living and informing economic policies.
Q: How is this data collected or calculated?
A: The data is collected monthly through surveys of retail outlets and service providers by Finland's national statistical agency.
Q: How is this trend used in economic policy?
A: The HICP for Pharmaceutical Products is used by the European Central Bank and Finnish government to monitor inflation and inform economic policymaking.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis by Eurostat, the EU's statistical agency.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Pharmaceutical Products for Finland (CP0611FIM086NEST), retrieved from FRED.