Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States
IPUPN56172T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.87
Year-over-Year Change
21.35%
Date Range
1/1/1987 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) measures changes in the prices charged by businesses providing janitorial services in the United States. It is a key indicator of input costs and inflationary pressures in this service 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
This price index tracks the prices received by providers of janitorial services, a critical input for many businesses and institutions. Economists and policymakers monitor this data to assess cost trends and broader service sector inflation.
Methodology
The data is collected through surveys of service providers and calculated as a weighted index.
Historical Context
This metric helps analysts understand pricing dynamics and cost drivers in the janitorial services industry.
Key Facts
- The index has a base year of 2012 = 100.
- Janitorial services account for a significant portion of business operating costs.
- This metric can signal economic conditions and pricing power in the service industry.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices charged by businesses providing janitorial services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers monitor this data to assess cost trends and inflationary pressures in the service sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of service providers and calculated as a weighted index.
Q: How is this trend used in economic policy?
A: This metric helps analysts understand pricing dynamics and cost drivers in the janitorial services industry, which is an important input for many businesses and institutions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 56172) in the United States (IPUPN56172T050000000), retrieved from FRED.