Sectoral Output Price Deflator for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.64
Year-over-Year Change
19.45%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade measures changes in the prices received by wholesale trade businesses in the United States. It is a key indicator of inflationary pressures and overall economic conditions in the wholesale 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
The Sectoral Output Price Deflator for Wholesale Trade is a price index that tracks the average change in prices charged by wholesalers for their goods and services. It is used by economists and policymakers to monitor trends in wholesale trade and assess the broader state of the economy.
Methodology
The data is collected through surveys of wholesale trade businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to help inform monetary policy decisions.
Key Facts
- Wholesale trade accounts for about 6% of U.S. GDP.
- The deflator tracks price changes for over 800 unique wholesale goods and services.
- Wholesale prices often lead consumer prices, making this a leading economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Wholesale Trade measures changes in the prices received by wholesale trade businesses in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflationary pressures and overall economic conditions in the wholesale sector, which is an important part of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale trade businesses and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by the Federal Reserve and other institutions to help inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
Related Trends
Employment for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424W200000000
Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242T300000000
Employment for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236W010000000
Labor Productivity for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237L001000000
Output per Worker for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232W001000000
Employment for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247W200000000
Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States (IPUGN42T050000000), retrieved from FRED.