Value-Added Output Price Deflator for Private Nonfarm in Washington
IPUZNT050530000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.28
Year-over-Year Change
27.58%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output Price Deflator for Private Nonfarm in Washington measures changes in the prices of goods and services produced in the private nonfarm sector of the Washington state economy. It is a key indicator for evaluating economic growth and inflation.
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 overall price level of value-added output, which includes both goods and services produced in the private nonfarm sector. It is used by economists and policymakers to gauge inflationary pressures and understand the real growth of the Washington state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of source data on production and pricing.
Historical Context
The deflator provides important context for interpreting changes in Washington's real GDP and other economic indicators.
Key Facts
- Washington's private nonfarm sector accounts for over 85% of its total economic output.
- The deflator uses 2012 as its base year for calculating price changes.
- Rapid increases in the deflator can signal inflationary pressures in the state.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output Price Deflator for Private Nonfarm in Washington measures changes in the overall price level of goods and services produced in the state's private nonfarm sector.
Q: Why is this trend relevant for users or analysts?
A: This deflator is a key indicator for evaluating the real growth of Washington's economy and understanding inflationary pressures in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of source data on production and pricing.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the deflator to interpret changes in Washington's real GDP and other economic indicators, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The deflator data is typically released by the Bureau of Economic Analysis on a quarterly basis, with a lag of several months from the end of the reference period.
Related Trends
90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Washington
PECILB0T4WA53000A647NCEN
Transportation and Warehousing Wages and Salaries in Washington
WAWTRA
Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Washington
WAFRBCIRGSP
Average Weekly Earnings of All Employees: Private Service Providing in Washington
SMU53000000800000011A
Gross Domestic Product: Pipeline Transportation (486) in Washington
WAPIPETRANNGSP
Poverty Universe, Age 0-4 for Washington
PUA0T4WA53000A647NCEN
Citation
U.S. Federal Reserve, Value-Added Output Price Deflator for Private Nonfarm in Washington (IPUZNT050530000), retrieved from FRED.