Sectoral Output Price Deflator for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.80
Year-over-Year Change
433.33%
Date Range
1/1/1988 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States measures the price changes for the photofinishing industry. This metric is important for economists and policymakers to understand industry-specific price trends and inform economic policy decisions.
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 sectoral output price deflator represents the price changes for goods and services produced by the photofinishing industry in the United States. It is a key indicator of inflationary pressures and price competitiveness within this specific service sector.
Methodology
The data is collected through surveys of businesses in the photofinishing industry and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this deflator to assess the impact of industry-specific price changes on broader economic conditions.
Key Facts
- The photofinishing industry accounts for over $2 billion in annual revenue in the U.S.
- Prices in the photofinishing sector have increased by an average of 1.5% per year over the past decade.
- This deflator is a key input for calculating real output growth in the other services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price changes for goods and services produced by the photofinishing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding industry-specific price trends and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the photofinishing industry and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this deflator to assess the impact of industry-specific price changes on broader economic conditions.
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): Photofinishing (NAICS 81292) in the United States (IPUUN81292T051000000), retrieved from FRED.