Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Romania
CP0612ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.95
Year-over-Year Change
9.27%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Medical Products, Therapeutic Appliances and Equipment measures price changes in medical-related consumer goods and services in Romania. 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 consumer price inflation across the European Union. The Other Medical Products, Therapeutic Appliances and Equipment component tracks prices for a basket of healthcare-related items, providing insight into this important sector of the Romanian economy.
Methodology
The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Historical Context
HICP data is widely used by policymakers, central banks, and market analysts to inform economic and monetary policy decisions.
Key Facts
- HICP is a harmonized measure of consumer price inflation across the EU.
- Other Medical Products and Therapeutic Appliances account for around 5% of the total HICP basket in Romania.
- The index is published monthly with a lag of around 2 weeks.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Medical Products, Therapeutic Appliances and Equipment measures the change in prices for a basket of healthcare-related consumer goods and services in Romania.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides important insight into inflationary pressures and consumer purchasing power in the healthcare sector of the Romanian economy, which is crucial information for policymakers, central banks, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: HICP data, including the Other Medical Products and Therapeutic Appliances component, is widely used by policymakers, central banks, and market analysts to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP index is published monthly with a lag of around 2 weeks.
Related Trends
Harmonized Index of Consumer Prices: Cultural Services for Romania
CP0942ROM086NEST
Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Romania
CP1231ROM086NEST
Internet users for Romania
ITNETUSERP2ROU
Value of Exports to Romania from Puerto Rico
PRROUA052SCEN
Value of Exports to Romania from Vermont
VTROUA052SCEN
Harmonized Index of Consumer Prices: Information Processing Equipment for Romania
CP0913ROM086NEST
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Medical Products, Therapeutic Appliances and Equipment for Romania (CP0612ROM086NEST), retrieved from FRED.