Sectoral Output Price Deflator for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States
IPUUN812210T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
43.48%
Date Range
1/1/1988 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States measures changes in prices charged by funeral homes and related services. This key indicator provides insights into inflation and pricing trends within the funeral 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 producer price index tracks the average change in prices received by U.S. funeral homes and related establishments for their services. It is used by economists and policymakers to monitor inflationary pressures and understand pricing dynamics in this important services sector.
Methodology
The data is collected through surveys of funeral service providers and calculated as a chained-weighted index.
Historical Context
Trends in this index can inform decisions around economic policy, consumer spending, and industry regulation.
Key Facts
- The index uses 2012 as the base year.
- Funeral services are a key component of the Other Services (Except Public Administration) sector.
- Prices are tracked for a variety of funeral-related services, including burials, cremations, and memorial ceremonies.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices charged by U.S. funeral homes and related establishments for their services.
Q: Why is this trend relevant for users or analysts?
A: Tracking this index provides insights into inflationary pressures and pricing dynamics within the funeral services industry, which is an important component of the broader services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of funeral service providers and calculated as a chained-weighted index.
Q: How is this trend used in economic policy?
A: Trends in this index can inform decisions around economic policy, consumer spending, and industry regulation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 812210) in the United States (IPUUN812210T051000000), retrieved from FRED.