Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
IPUBN21231T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.99
Year-over-Year Change
75.22%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States measures the change in prices received by producers in this industry. It is a key indicator of inflationary pressures and production costs within the mining sector.
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 economic indicator tracks the price changes for output from establishments primarily engaged in mining or quarrying stone, including crushed and broken limestone, dolomite, granite, and other types of stone. It is used by economists, policymakers, and industry analysts to monitor price trends and assess the economic health of the mining industry.
Methodology
The data is collected through surveys of producers and calculated as an index value.
Historical Context
The Sectoral Output Price Deflator helps inform decisions around monetary and fiscal policies that may impact the mining industry.
Key Facts
- The index has a base year of 2012.
- Mining accounts for approximately 1% of U.S. GDP.
- Crushed stone is the most consumed mineral in the United States.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) measures the change in prices received by producers in this industry.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used to monitor price trends and assess the economic health of the mining industry, which informs decisions around monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated as an index value.
Q: How is this trend used in economic policy?
A: The Sectoral Output Price Deflator helps inform decisions around monetary and fiscal policies that may impact the mining industry.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States (IPUBN21231T050000000), retrieved from FRED.