Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
-541.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) measures price changes in the U.S. drycleaning and laundry services industry, providing insights into 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 index tracks the change in output prices charged by producers in the drycleaning and laundry services sector, which is a key component of the broader services industry. It is used by economists and policymakers to monitor price dynamics and assess the state of the services economy.
Methodology
The data is collected through surveys of businesses in the drycleaning and laundry services industry.
Historical Context
This trend is relevant for understanding broader service sector inflation and can inform monetary policy decisions.
Key Facts
- The index has a base year of 2012.
- Drycleaning and laundry services account for about 1% of total U.S. services output.
- This data is released monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in output prices charged by producers in the drycleaning and laundry services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures in the services sector, which is important for economists and policymakers monitoring the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the drycleaning and laundry services industry.
Q: How is this trend used in economic policy?
A: This trend can inform monetary policy decisions, as it provides information about price dynamics in the services sector.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States (IPUUN8123T051000000), retrieved from FRED.