Sectoral Output Price Deflator for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.81
Year-over-Year Change
34.45%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Mining: Mining (Except Oil and Gas) (NAICS 212) measures price changes in the non-oil and gas mining sector of the U.S. economy. This metric is critical for understanding inflationary trends and assessing the health of a key industrial segment.
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 tracks the changes in prices received by producers in the mining industry, excluding oil and gas. This index is a valuable indicator of cost pressures and pricing power in a fundamental part of the U.S. industrial base, providing insights for policymakers and analysts.
Methodology
The data is collected through surveys of mining companies and calculated as a weighted index of prices.
Historical Context
The Sectoral Output Price Deflator helps inform monetary and fiscal policies related to the mining industry and broader economic conditions.
Key Facts
- The mining sector (except oil and gas) accounts for about 2% of U.S. GDP.
- Prices in the mining industry have risen by 20% over the past 5 years.
- The Sectoral Output Price Deflator is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Mining: Mining (Except Oil and Gas) (NAICS 212) measures the changes in prices received by producers in the non-oil and gas mining sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into inflationary pressures and the pricing power of a key industrial segment, which is important for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of mining companies and calculated as a weighted index of prices.
Q: How is this trend used in economic policy?
A: The Sectoral Output Price Deflator helps inform monetary and fiscal policies related to the mining industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The Sectoral Output Price Deflator is published monthly by the U.S. Federal Reserve, with a typical 1-month delay in data availability.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States (IPUBN212T050000000), retrieved from FRED.