Value-Added Output Price Deflator for Private Nonfarm in Hawaii
IPUZNT050150000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.93
Year-over-Year Change
39.89%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output Price Deflator for Private Nonfarm in Hawaii measures changes in the prices of goods and services produced by the private nonfarm sector in Hawaii. This metric is crucial for analyzing the state's economic performance and productivity.
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
The Value-Added Output Price Deflator tracks the prices of all final goods and services produced by the private nonfarm businesses in Hawaii, excluding the agricultural sector. It provides a comprehensive measure of inflation for the state's economic output.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This index is used by policymakers, economists, and market analysts to assess the overall price trends in the Hawaiian economy.
Key Facts
- The base year for this index is 2012.
- The deflator covers about 88% of Hawaii's gross domestic product.
- Prices are measured at the producer level before reaching consumers.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output Price Deflator for Private Nonfarm in Hawaii measures changes in the prices of goods and services produced by the private nonfarm sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive view of inflationary pressures in Hawaii's economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this index to assess the overall price trends in the Hawaiian economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Value-Added Output Price Deflator for Private Nonfarm in Hawaii (IPUZNT050150000), retrieved from FRED.