Sectoral Output Price Deflator for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.75
Year-over-Year Change
68.93%
Date Range
1/1/1987 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) measures price changes in the furniture repair and reupholstery industry in the United States. This data provides insight into cost pressures and inflation trends in this key 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 economic indicator tracks the price index for furniture repair and reupholstery services, which are classified under NAICS code 811420. The deflator is used to adjust nominal output measures and assess real economic performance in this industry.
Methodology
The data is collected through surveys of businesses in the furniture repair and reupholstery sector.
Historical Context
Policymakers and analysts monitor this price index to understand inflationary pressures and productivity in the broader service economy.
Key Facts
- The base year for this index is 2012=100.
- Furniture repair and reupholstery is a $9 billion industry in the U.S.
- Prices in this sector have risen 10% since 2015.
FAQs
Q: What does this economic trend measure?
A: This economic indicator tracks price changes for furniture repair and reupholstery services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into cost pressures and inflation trends in the furniture services industry, which is an important part of the broader service economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the furniture repair and reupholstery sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this price index to understand inflationary pressures and productivity in the service economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States (IPUUN811420T050000000), retrieved from FRED.