Value-Added Output Price Deflator for Private Nonfarm in Massachusetts
IPUZNT050250000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.13
Year-over-Year Change
32.83%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output Price Deflator for Private Nonfarm in Massachusetts measures changes in prices received by businesses in the state, providing insights into regional economic conditions.
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 deflator tracks the average change in prices for goods and services produced by private nonfarm businesses in Massachusetts. It is a useful indicator of inflationary pressures and overall economic activity in the state.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this deflator to assess price dynamics and guide economic decision-making.
Key Facts
- The deflator has a base year of 2012.
- Massachusetts is a major contributor to the U.S. economy.
- The deflator is released quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output Price Deflator for Private Nonfarm in Massachusetts measures changes in the prices received by businesses for their goods and services produced in the state.
Q: Why is this trend relevant for users or analysts?
A: This deflator provides important insights into regional economic conditions and inflationary pressures, which can inform policy decisions and market analysis.
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 and analysts use this deflator to assess price dynamics and overall economic activity in Massachusetts, which can guide decision-making.
Q: Are there update delays or limitations?
A: The deflator is released quarterly, so there may be a short delay in the most recent data.
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Citation
U.S. Federal Reserve, Value-Added Output Price Deflator for Private Nonfarm in Massachusetts (IPUZNT050250000), retrieved from FRED.