Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Hungary
CP0621HUM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196.72
Year-over-Year Change
8.69%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Medical Services and Paramedical Services in Hungary measures changes in the prices paid by consumers for healthcare-related goods and services. This metric is a key indicator of inflationary pressures in the Hungarian economy.
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 member states. The Medical Services and Paramedical Services index specifically tracks prices for healthcare-related items like doctor visits, hospital stays, and pharmaceutical products.
Methodology
The HICP data is collected through surveys of retail establishments and service providers across Hungary.
Historical Context
Policymakers and analysts use the HICP to assess the overall rate of inflation and make informed decisions about monetary and fiscal policy.
Key Facts
- The HICP is a standardized metric used across the European Union.
- Healthcare accounts for a significant portion of consumer spending.
- Tracking medical price inflation is crucial for policymakers.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Medical Services and Paramedical Services in Hungary measures changes in the prices paid by consumers for healthcare-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: Monitoring healthcare price inflation is crucial for policymakers and economists to assess the overall rate of inflation and make informed decisions about monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The HICP data is collected through surveys of retail establishments and service providers across Hungary.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the HICP to assess inflationary pressures and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The HICP data is published on a regular schedule, but there may be some delays in reporting due to the complex data collection process.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Hungary (CP0621HUM086NEST), retrieved from FRED.