Harmonized Index of Consumer Prices: Out-Patient Services for Finland
CP0620FIM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.30
Year-over-Year Change
9.05%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Out-Patient Services in Finland measures changes in the prices paid by consumers for medical services outside of hospitals. This metric is a key indicator of inflation and cost-of-living trends for healthcare expenditures.
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 inflation used across the European Union. The Out-Patient Services component specifically tracks price changes for physician visits, lab tests, and other outpatient care that is not provided in a hospital setting. This data is crucial for assessing the affordability of healthcare for Finnish households.
Methodology
The HICP is calculated based on a representative basket of consumer goods and services, with prices collected from a sample of retailers and service providers.
Historical Context
Policymakers use the HICP to guide monetary policy and evaluate the overall state of the economy.
Key Facts
- The HICP is a harmonized, EU-wide measure of consumer inflation.
- Out-Patient Services account for around 4% of the total HICP basket in Finland.
- Prices for Out-Patient Services have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Out-Patient Services in Finland tracks changes in the prices paid by consumers for medical services outside of hospitals.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the affordability of healthcare for Finnish households and evaluating overall inflation and cost-of-living trends.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative basket of consumer goods and services, with prices collected from a sample of retailers and service providers.
Q: How is this trend used in economic policy?
A: Policymakers use the HICP to guide monetary policy and evaluate the overall state of the Finnish economy.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Out-Patient Services for Finland (CP0620FIM086NEST), retrieved from FRED.