Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region
IPUZNT050981000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.19
Year-over-Year Change
36.05%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region measures changes in the prices of goods and services produced by private businesses in the Northeast U.S. It is a key indicator of regional economic activity 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 regional price index tracks the output prices for the private nonfarm sector in the Northeast, one of the four main Census regions. It provides insights into regional variations in producer inflation, which can inform economic policymaking and business decisions.
Methodology
The data is collected through surveys of private businesses in the Northeast and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This regional price deflator is used by policymakers, analysts, and businesses to assess economic conditions and price dynamics in the Northeast.
Key Facts
- The Northeast accounts for over 20% of U.S. private nonfarm GDP.
- The deflator is calculated using a chained-type index formula.
- This series has been published since 2005.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region measures changes in the prices of goods and services produced by private businesses in the Northeast U.S.
Q: Why is this trend relevant for users or analysts?
A: This regional price index provides insights into producer inflation in the Northeast, which is useful for economic policymaking, business planning, and understanding regional variations in economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses in the Northeast and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This regional price deflator is used by policymakers, analysts, and businesses to assess economic conditions and price dynamics in the Northeast, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: This series has been published since 2005 and is updated quarterly with a typical release lag of about a month.
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Citation
U.S. Federal Reserve, Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region (IPUZNT050981000), retrieved from FRED.