Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.20
Year-over-Year Change
42.50%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 21211) tracks price changes in the coal mining industry. It is a key indicator for monitoring inflation and production costs in this crucial energy 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
This index measures the average change in prices received by coal mining companies for their output. It is used to adjust production data for inflation, providing a more accurate picture of real output and productivity trends in the industry.
Methodology
The data is collected through surveys of coal mining firms and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this index to assess the economic health of the coal industry and its impact on energy prices and supply.
Key Facts
- Coal is a major energy source, accounting for around 20% of U.S. electricity generation.
- The coal mining industry employs over 50,000 workers in the United States.
- Coal prices and production have declined in recent years due to competition from natural gas and renewable energy.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 21211) measures the average change in prices received by coal mining companies for their output.
Q: Why is this trend relevant for users or analysts?
A: This index is used to adjust coal production data for inflation, providing a more accurate picture of real output and productivity trends in the industry. It is a key indicator for monitoring inflation and production costs in the crucial coal mining sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of coal mining firms and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the economic health of the coal industry and its impact on energy prices and supply.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 21211) in the United States (IPUBN21211T050000000), retrieved from FRED.