Consumer Price Index: Health (COICOP 06): Total for Spain
ESPCP060000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
-34.08%
Date Range
2/1/2002 - 11/1/2023
Summary
The Consumer Price Index: Health (COICOP 06): Total for Spain measures changes in the prices of healthcare goods and services in Spain. This index is a key indicator of inflationary pressures and consumer purchasing power in the Spanish healthcare sector.
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 Consumer Price Index: Health (COICOP 06): Total for Spain is a subcomponent of the overall Consumer Price Index that tracks price changes for a basket of healthcare-related goods and services. It provides insight into inflationary trends in the Spanish healthcare market, which is crucial for economic policymakers and healthcare industry analysts.
Methodology
The data is collected through surveys of Spanish consumers and businesses and calculated using a weighted average price index.
Historical Context
Policymakers and economists closely monitor this index to assess the affordability of healthcare and the overall cost of living in Spain.
Key Facts
- The index is published monthly by the Spanish National Statistics Institute.
- Health care costs account for approximately 6% of the overall consumer price index in Spain.
- The index reached its highest level in 2022 amid rising inflation in the Spanish economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Health (COICOP 06): Total for Spain measures changes in the prices of healthcare goods and services consumed by households in Spain.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer purchasing power in the Spanish healthcare sector, which is crucial for economic policymakers and healthcare industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Spanish consumers and businesses and calculated using a weighted average price index.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to assess the affordability of healthcare and the overall cost of living in Spain, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Spanish National Statistics Institute, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Spain (ESPCP060000GPM), retrieved from FRED.