Harmonized Index of Consumer Prices: Hospital Services for European Union (27 Countries from 2020)
CP0630EU272020M086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.28
Year-over-Year Change
2.85%
Date Range
12/1/2000 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Hospital Services in the European Union (27 countries from 2020) measures the inflation rate of hospital services, a key component of overall healthcare costs.
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 used across the EU. The Hospital Services component tracks changes in the prices paid by consumers for medical services provided by hospitals, offering insights into healthcare cost trends.
Methodology
The data is collected through surveys of prices paid by consumers for a representative basket of hospital services.
Historical Context
This index is used by policymakers and economists to monitor healthcare inflation and its impact on consumer spending.
Key Facts
- The HICP for Hospital Services is a key measure of healthcare inflation in the EU.
- Hospitals are a major component of consumer spending on healthcare.
- Monitoring hospital service prices helps policymakers understand cost drivers.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Hospital Services measures the inflation rate of hospital services in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into healthcare cost trends, which is crucial for policymakers and economists monitoring inflation and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers for a representative basket of hospital services.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor healthcare inflation and its impact on consumer spending.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Hospital Services for European Union (27 Countries from 2020) (CP0630EU272020M086NEST), retrieved from FRED.