Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.40
Year-over-Year Change
390.91%
Date Range
1/1/1988 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States measures changes in the prices charged by travel agencies. This metric is important for economists and policymakers to understand pricing trends in the travel services industry.
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 data series tracks the producer price index for the output of travel agencies in the United States. It serves as a barometer for inflationary pressures and competitive dynamics within the travel services sector.
Methodology
The data is collected through surveys of a sample of travel agencies and calculated as a chained-weighted index.
Historical Context
The travel agency output price deflator is widely used by policymakers, analysts, and industry participants to inform economic decisions and policy.
Key Facts
- The base year for this index is 2012 = 100.
- Prices are measured at the producer level, not the consumer level.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This data series tracks changes in the prices charged by travel agencies in the United States. It serves as a producer price index for the travel services sector.
Q: Why is this trend relevant for users or analysts?
A: The travel agency output price deflator is an important indicator of inflationary pressures and competitive dynamics within the travel services industry, which is relevant for policymakers, economists, and industry participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a sample of travel agencies and calculated as a chained-weighted index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The travel agency output price deflator is widely used by policymakers, analysts, and industry participants to inform economic decisions and policy related to the travel services sector.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of around one month.
Related Trends
Labor Productivity for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151L000000000
Output per Worker for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151W000000000
Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615T300000000
Labor Compensation for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615L021000000
Employment for Administrative and Support and Waste Management and Remediation Services: Services to Buildings and Dwellings (NAICS 5617) in the United States
IPUPN5617W201000000
Employment for Administrative and Support and Waste Management and Remediation Services: Employment Placement Agencies and Executive Search Services (NAICS 56131) in the United States
IPUPN56131W200000000
Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States (IPUPN561510T051000000), retrieved from FRED.