Harmonized Index of Consumer Prices: Out-Patient Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30)
CP0620E3CCM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.13
Year-over-Year Change
3.61%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Out-Patient Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) tracks changes in the cost of outpatient medical services across Europe. This metric is critical for policymakers and economists to monitor healthcare 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
This index measures the price changes over time for outpatient medical services and goods in the EEA, which includes the EU member states as well as Iceland, Liechtenstein, Norway, and Switzerland. It is a key indicator for assessing healthcare cost trends and their impact on the broader consumer price index.
Methodology
The data is collected through consumer price surveys across the participating EEA countries.
Historical Context
Policymakers and central banks use this index to gauge inflationary pressures and set appropriate monetary policies.
Key Facts
- The EEA includes 30 countries as of 2023.
- Healthcare costs are a major component of the overall consumer price index.
- Outpatient services make up a significant portion of household healthcare spending.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of outpatient medical services and goods across the European Economic Area (EEA).
Q: Why is this trend relevant for users or analysts?
A: Monitoring healthcare inflation through this index is crucial for policymakers and economists to understand consumer purchasing power and set appropriate fiscal and monetary policies.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted across the participating EEA countries.
Q: How is this trend used in economic policy?
A: Central banks and governments use this index to gauge inflationary pressures in the healthcare sector and adjust policies accordingly.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Out-Patient Services for European Economic Area (EEA18-2004, EEA28-2006, EEA30) (CP0620E3CCM086NEST), retrieved from FRED.