Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
IPUBN21231T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.10
Year-over-Year Change
818.18%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) measures the average change in prices received by producers in the stone mining and quarrying industry in the United States. This metric is important for economists and policymakers to understand inflationary pressures and industry-specific pricing trends.
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
The Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) is a producer price index that tracks the average change in selling prices received by U.S. establishments in the stone mining and quarrying industry. This index is used to analyze pricing dynamics, industry productivity, and inflationary impacts within this sector of the economy.
Methodology
The data is collected through surveys of establishments in the stone mining and quarrying industry and calculated using the Laspeyres formula.
Historical Context
This index provides insight into pricing pressures that can influence construction costs, infrastructure investment, and other economic activities reliant on stone and aggregates.
Key Facts
- The index base year is 2012=100.
- The industry classification is NAICS 21231.
- Prices are measured at the establishment level.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) measures the average change in selling prices received by U.S. producers in the stone mining and quarrying industry.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into pricing pressures and inflationary trends within the stone mining and quarrying industry, which is important for understanding construction costs, infrastructure investment, and other economic activities reliant on these materials.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments in the stone mining and quarrying industry and calculated using the Laspeyres formula.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and market analysts to assess industry-specific pricing dynamics, productivity, and inflationary impacts that can influence construction, infrastructure, and other economic activities.
Q: Are there update delays or limitations?
A: The Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) is published monthly with a lag of approximately one month.
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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 (IPUBN21231T051000000), retrieved from FRED.