Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.43
Year-over-Year Change
9.75%
Date Range
1/1/1997 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States measures the change in prices received by producers 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 index tracks the price changes for goods and services produced and sold by firms in the travel arrangement and reservation services industry. It is a key indicator of inflationary pressures and price competitiveness within this important services sector.
Methodology
The data is collected through surveys of businesses and calculated using a fixed-weight index methodology.
Historical Context
Economists and policymakers monitor this index to assess the health of the travel services industry and its impact on the broader economy.
Key Facts
- The index has a base year of 2012 = 100.
- The travel services industry is a significant contributor to the U.S. economy.
- Prices in this sector can impact consumer spending and business investment.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices received by producers in the travel arrangement and reservation services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and price competitiveness within the travel services 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 businesses and calculated using a fixed-weight index methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the health of the travel services industry and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insights into this important sector.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States (IPUPN5615T050000000), retrieved from FRED.