Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States
IPUUN81232T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
286.96%
Date Range
1/1/1988 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) measures price changes for this service sector in the United States. It provides insight into inflationary pressures and pricing dynamics within the drycleaning and laundry 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 economic indicator tracks the output prices charged by businesses providing drycleaning and laundry services, excluding coin-operated establishments. It is used by policymakers, economists, and industry analysts to monitor cost and pricing trends in this service sector, which can have broader implications for consumer spending and overall economic conditions.
Methodology
The data is collected through surveys of businesses and calculated as a price index by the U.S. Bureau of Labor Statistics.
Historical Context
The Sectoral Output Price Deflator helps inform assessments of inflationary pressures and consumer demand within the drycleaning and laundry services industry.
Key Facts
- The deflator uses 2012 as the base year.
- This sector represents about 0.3% of total U.S. GDP.
- Prices have risen by an average of 2.1% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) measures price changes for this service sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into inflationary pressures and pricing dynamics within the drycleaning and laundry industry, which can have broader implications for consumer spending and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated as a price index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Sectoral Output Price Deflator helps inform assessments of inflationary pressures and consumer demand within the drycleaning and laundry services industry, which is relevant for policymakers, economists, and industry analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 81232) in the United States (IPUUN81232T051000000), retrieved from FRED.