Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
-20.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) tracks changes in wholesale prices for pharmaceutical and other medical products. This metric is crucial for analyzing inflationary pressures and evaluating the performance of the pharmaceutical supply chain.
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 series measures the output price deflator, which reflects changes in the average selling prices received by merchant wholesalers of drugs and druggists' sundries. It provides insight into wholesale pricing dynamics in the pharmaceutical industry, a key component of the broader healthcare sector.
Methodology
The data is collected through surveys of merchant wholesalers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this deflator to gauge inflationary trends and assess the state of the pharmaceutical supply chain.
Key Facts
- The deflator is calculated monthly by the U.S. Bureau of Labor Statistics.
- It covers wholesale prices for pharmaceuticals, medical equipment, and other healthcare products.
- The pharmaceutical industry accounts for a significant portion of the U.S. healthcare sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the average selling prices received by merchant wholesalers of drugs and druggists' sundries. It provides insight into wholesale pricing dynamics in the pharmaceutical industry.
Q: Why is this trend relevant for users or analysts?
A: This deflator is crucial for analyzing inflationary pressures and evaluating the performance of the pharmaceutical supply chain, which is a key component of the broader healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of merchant wholesalers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this deflator to gauge inflationary trends and assess the state of the pharmaceutical supply chain.
Q: Are there update delays or limitations?
A: The deflator is calculated and published monthly by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States (IPUGN424210T051000000), retrieved from FRED.