Medical Services Expenditures by Provider Price Index
MESEPRPIHCSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.28
Year-over-Year Change
32.78%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Provider Price Index measures price changes for medical services provided by various healthcare facilities and professionals. It is a key economic indicator used to analyze healthcare inflation and its impact on consumers and policymakers.
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
This index tracks the prices charged by hospitals, physicians, dentists, and other medical providers. It is a valuable metric for assessing the affordability of healthcare and the effectiveness of cost-control measures by policymakers and insurers.
Methodology
The data is collected through surveys of medical service providers and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
The index is widely used by economists, policymakers, and healthcare analysts to inform decisions on healthcare policy, insurance coverage, and consumer spending.
Key Facts
- The index has a base year of 2012 = 100.
- It covers a broad range of medical services, including hospital care, physician services, and dental services.
- The index is a component of the overall Personal Consumption Expenditures (PCE) price index.
FAQs
Q: What does this economic trend measure?
A: The Medical Services Expenditures by Provider Price Index measures changes in the prices charged by healthcare providers for a variety of medical services.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator for monitoring healthcare inflation and the affordability of medical services for consumers, policymakers, and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of medical service providers and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and healthcare analysts use this index to inform decisions on healthcare policy, insurance coverage, and consumer spending.
Q: Are there update delays or limitations?
A: The index is updated monthly by the U.S. Bureau of Economic Analysis, with a typical release lag of about one month.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Provider Price Index (MESEPRPIHCSA), retrieved from FRED.