Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
35.00%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) measures price changes for goods sold by wholesale grocers in the United States. It is a key indicator of inflation pressures in the wholesale grocery 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 deflator tracks the average change in prices charged by wholesale grocery distributors to their retail and institutional customers. It is a useful gauge of input cost pressures and pricing power in the grocery wholesale industry.
Methodology
The data is collected through surveys of wholesale businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this index to assess broader trends in food inflation and the health of the wholesale grocery sector.
Key Facts
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- The base year for the index is 2012=100.
- Wholesale grocers account for over $1 trillion in annual sales in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) measures changes in the average prices charged by wholesale grocery distributors in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of input cost pressures and pricing power in the wholesale grocery industry, which is a key part of the broader food supply chain.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale businesses 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 broader trends in food inflation and the health of the wholesale grocery sector.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of around 2 weeks.
Related Trends
Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000
Labor Productivity for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L001000000
Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241T300000000
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L200000000
Output per Worker for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W000000000
Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W201000000
Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States (IPUGN4244T051000000), retrieved from FRED.