Value-Added Output Price Deflator for Private Nonfarm in Virginia
IPUZNT050510000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.62
Year-over-Year Change
31.87%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output Price Deflator for Private Nonfarm in Virginia measures price changes in the goods and services produced by private non-farm businesses in the state. It serves as an important indicator of economic conditions and inflationary pressures.
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 price index tracks the overall change in prices received by private non-farm businesses in Virginia for their output. It is a key measure of producer price inflation and can provide insights into broader economic trends in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of Virginia businesses.
Historical Context
Policymakers and analysts use this index to understand inflationary dynamics and evaluate the economic performance of the private sector in Virginia.
Key Facts
- The index has a base year of 2012.
- Virginia's private non-farm businesses account for over 80% of the state's GDP.
- The deflator tracks price changes across various industry sectors in the state.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output Price Deflator for Private Nonfarm in Virginia measures the change in prices received by private non-farm businesses in the state for their goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and the overall economic performance of Virginia's private sector, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of Virginia businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand inflationary dynamics and evaluate the economic health of Virginia's private non-farm sector.
Q: Are there update delays or limitations?
A: The index is published quarterly, and there may be a short delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Value-Added Output Price Deflator for Private Nonfarm in Virginia (IPUZNT050510000), retrieved from FRED.