Therapeutic Medical Equipment Expenditures Price Index
THMEEQPIHCSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.64
Year-over-Year Change
-4.90%
Date Range
1/1/2000 - 1/1/2021
Summary
The Therapeutic Medical Equipment Expenditures Price Index measures changes in the prices paid for therapeutic medical equipment and supplies. This index is a key indicator of healthcare costs and can inform economic policy decisions.
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 Therapeutic Medical Equipment Expenditures Price Index tracks the prices of a variety of medical devices and equipment used in therapeutic treatments, such as wheelchairs, hospital beds, and oxygen equipment. This index is an important measure of healthcare inflation and costs.
Methodology
The data is collected through surveys of medical equipment suppliers and manufacturers.
Historical Context
This index is used by policymakers, economists, and healthcare analysts to monitor trends in medical equipment prices and their impact on overall healthcare spending.
Key Facts
- The index has a base year of 2012.
- Prices for therapeutic medical equipment have risen by 15% since 2012.
- This index is a component of the broader Personal Consumption Expenditures (PCE) price index.
FAQs
Q: What does this economic trend measure?
A: The Therapeutic Medical Equipment Expenditures Price Index measures changes in the prices paid for a variety of medical devices and equipment used in therapeutic treatments.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of healthcare inflation and costs, which is crucial information for policymakers, economists, and healthcare analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of medical equipment suppliers and manufacturers.
Q: How is this trend used in economic policy?
A: This index is used by policymakers to monitor trends in medical equipment prices and their impact on overall healthcare spending, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The index is updated monthly, but there may be some delays in data reporting from the survey sources.
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Citation
U.S. Federal Reserve, Therapeutic Medical Equipment Expenditures Price Index (THMEEQPIHCSA), retrieved from FRED.