Therapeutic Appliances and Equipment Expenditures Price Index
This dataset tracks therapeutic appliances and equipment expenditures price index over time.
Latest Value
100.18
Year-over-Year Change
3.19%
Date Range
1/1/2000 - 1/1/2021
Summary
The Therapeutic Appliances and Equipment Expenditures Price Index measures changes in the prices paid for medical devices and equipment by consumers. This key economic indicator provides insights into healthcare and consumer spending trends.
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 of a variety of therapeutic appliances and equipment, including items like wheelchairs, hearing aids, and other durable medical goods. It is an important metric for understanding consumer healthcare costs and the medical device industry.
Methodology
The data is collected through surveys of medical providers and device manufacturers by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this index to gauge inflationary pressures and consumer demand in the healthcare sector.
Key Facts
- The index has a base year of 2012.
- Prices for therapeutic appliances have risen over 20% since 2012.
- The index is released monthly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Therapeutic Appliances and Equipment Expenditures Price Index measures changes in the prices paid by consumers for a variety of medical devices and durable equipment.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into healthcare costs and consumer spending patterns, which are relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of medical providers and device manufacturers by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge inflationary pressures and consumer demand in the healthcare sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly with a typical 1-2 month delay, providing timely but not real-time data.
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Citation
U.S. Federal Reserve, Therapeutic Appliances and Equipment Expenditures Price Index (THAPEQPIHCSA), retrieved from FRED.