Consumer Price Index: Health (COICOP 06): Total for Japan
JPNCP060000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.20
Year-over-Year Change
-0.19%
Date Range
1/1/1970 - 6/1/2021
Summary
The Consumer Price Index: Health (COICOP 06) for Japan measures the change in prices for healthcare goods and services. It is a key indicator of inflationary pressures and consumer purchasing power in the Japanese 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 CPI: Health index tracks the prices paid by Japanese consumers for medical care, including hospital services, pharmaceuticals, and other healthcare products. It is widely used by policymakers, economists, and analysts to assess the overall cost of living and monitor healthcare affordability in Japan.
Methodology
The data is collected through a nationwide survey of consumer prices by Japan's Statistics Bureau.
Historical Context
The CPI: Health index provides important context for the Bank of Japan's monetary policy and can influence decisions on healthcare subsidies and reforms.
Key Facts
- The index has a base year of 2015 = 100.
- Prices for healthcare in Japan have risen steadily since 2015.
- The CPI: Health is a subcomponent of Japan's overall Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Health (COICOP 06) for Japan measures the change in prices for healthcare goods and services purchased by Japanese consumers.
Q: Why is this trend relevant for users or analysts?
A: The CPI: Health index is a key indicator of inflationary pressures and consumer purchasing power in the Japanese healthcare sector, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Japan's Statistics Bureau.
Q: How is this trend used in economic policy?
A: The CPI: Health index provides important context for the Bank of Japan's monetary policy and can influence decisions on healthcare subsidies and reforms.
Q: Are there update delays or limitations?
A: The CPI: Health data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOIN 06): Total for Japan (JPNCP060000IXNBM), retrieved from FRED.