Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Bulgaria
CP0621BGM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.88
Year-over-Year Change
7.56%
Date Range
12/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Services and Paramedical Services in Bulgaria measures the inflation rate in the healthcare sector. It is a key indicator for policymakers and economists to assess the cost of living and healthcare affordability.
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 Services and Paramedical Services index specifically tracks the price changes of healthcare-related goods and services in Bulgaria, providing insight into the cost pressures faced by consumers and the broader economy.
Methodology
The data is collected through surveys of consumer purchases and prices from a representative sample of retail establishments.
Historical Context
The HICP is used by the European Central Bank to monitor price stability and inform monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Prices are surveyed across a variety of healthcare providers and facilities.
- The HICP is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Services and Paramedical Services in Bulgaria measures the inflation rate in the healthcare sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the cost of living and healthcare affordability in Bulgaria, which are crucial for policymakers and economists to assess.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and prices from a representative sample of retail establishments.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank to monitor price stability and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with some potential for minor revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Bulgaria (CP0621BGM086NEST), retrieved from FRED.