Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.89
Year-over-Year Change
43.22%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) measures price changes for wholesale trade of pharmaceutical and other medical products in the United States. This metric is a key indicator of inflation in the pharmaceutical distribution 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 sectoral output price deflator tracks the average change in prices received by drug and druggist's sundries wholesale merchants for their output. It is used to analyze price trends and inflation dynamics within the pharmaceutical wholesale trade industry.
Methodology
The data is collected through surveys of wholesale trade businesses and calculated as a price index.
Historical Context
Policymakers and economists monitor this metric to assess inflationary pressures and market conditions in the pharmaceutical supply chain.
Key Facts
- The base year for this index is 2012 = 100.
- Wholesale trade comprises about 6% of U.S. GDP.
- Pharmaceutical products account for over 30% of wholesale trade revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures average price changes for wholesale trade of drugs, pharmaceuticals, and other medical products in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation dynamics and pricing power within the pharmaceutical wholesale trade industry, which is an important part of the U.S. healthcare supply chain.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale trade businesses and calculated as a price index.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess inflationary pressures and market conditions in the pharmaceutical supply chain, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag.
Related Trends
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L010000000
Output per Worker for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246W001000000
Real Sectoral Output for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42T010000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W001000000
Unit Labor Costs for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U101000000
Output per Worker for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425W000000000
Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States (IPUGN424210T050000000), retrieved from FRED.