Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 2121) in the United States
IPUBN2121T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-346.15%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 2121) in the United States measures changes in the prices received by coal mining producers. This metric is a key indicator of inflationary pressures in the coal mining industry.
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 Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 2121) tracks the average change in prices charged by coal mining establishments in the United States. It is used by economists and policymakers to monitor price trends and assess the overall state of the coal mining sector.
Methodology
The data is collected through surveys of coal mining companies and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is closely watched by energy analysts and policymakers to understand cost pressures and inflation in the coal industry.
Key Facts
- Coal mining accounts for approximately 13% of total U.S. energy production.
- The U.S. is the world's second-largest producer of coal, behind only China.
- Coal remains a significant source of electricity generation in the United States.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 2121) measures changes in the prices received by coal mining producers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures in the coal mining industry and is closely watched by energy analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of coal mining companies and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price index is used by economists and policymakers to monitor price trends and assess the overall state of the coal mining sector, which is an important energy source for the U.S. economy.
Q: Are there update delays or limitations?
A: The Sectoral Output Price Deflator for Coal Mining is published monthly by the U.S. Bureau of Labor Statistics, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Mining: Coal Mining (NAICS 2121) in the United States (IPUBN2121T051000000), retrieved from FRED.