Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.13
Year-over-Year Change
18.88%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States measures price changes for wholesale trade of chemical and allied products. This indicator is crucial for economists and policymakers to analyze trends in wholesale prices and monitor inflation pressures.
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 change in average prices received by Chemical and Allied Products Merchant Wholesalers (NAICS 4246) for their wholesale trade transactions. It provides insight into inflationary pressures and pricing dynamics within this specific wholesale trade sector.
Methodology
The data is collected through surveys of wholesale trade businesses and calculated as a price index.
Historical Context
Policymakers and analysts use this deflator to assess price movements in the wholesale chemical trade industry and their potential impact on the broader economy.
Key Facts
- The base year for this index is 2012 = 100.
- Wholesale trade accounts for over $6 trillion in annual sales in the U.S.
- The chemical products industry is a key input for many downstream manufacturing sectors.
FAQs
Q: What does this economic trend measure?
A: This economic indicator measures the change in average prices received by Chemical and Allied Products Merchant Wholesalers (NAICS 4246) for their wholesale trade transactions.
Q: Why is this trend relevant for users or analysts?
A: This deflator provides important insights into inflationary pressures and pricing dynamics within the wholesale chemical trade industry, which is a key input for many downstream manufacturing sectors.
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 analysts use this deflator to assess price movements in the wholesale chemical trade industry and their potential impact on the broader economy.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the underlying survey-based information is collected and processed by the Federal Reserve.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States (IPUGN4246T050000000), retrieved from FRED.