Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.68
Year-over-Year Change
50.98%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) measures price changes in the wholesale trade sector. It is a key indicator of inflationary pressures and business conditions.
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 represents the output price index for miscellaneous nondurable goods merchant wholesalers, a subsector of the wholesale trade industry. It tracks changes in the prices received by wholesalers for their goods, providing insight into broader supply chain dynamics.
Methodology
The data is collected through surveys of wholesale businesses and calculated as a chained-type price index.
Historical Context
Policymakers and analysts use this metric to assess inflationary pressures and the overall health of the wholesale trade sector.
Key Facts
- The index uses 2012 as the base year.
- Miscellaneous nondurable goods include products like paper, chemicals, and plastics.
- Wholesale trade accounts for over 5% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures changes in the output prices received by wholesale merchants who sell miscellaneous nondurable goods, a subset of the wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures in the wholesale supply chain, which is important for policymakers, businesses, and economists analyzing economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale businesses and calculated as a chained-type price index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess inflationary pressures and the overall health of the wholesale trade sector, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the index only covers a specific subsector of the wholesale trade industry.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States (IPUGN4249T050000000), retrieved from FRED.