Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 213) in the United States
IPUBN213T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.68
Year-over-Year Change
10.57%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 213) measures price changes for the output of the support activities for mining sector in the United States. It is a key indicator for monitoring inflation and economic activity in the mining industry.
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: Support Activities for Mining (NAICS 213) is a Producer Price Index (PPI) that tracks changes in the selling prices received by domestic producers for their output within the support activities for mining industry. It is used to analyze price trends and inflationary pressures in this critical economic sector.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index helps policymakers and analysts assess the state of the mining industry and its impact on the broader economy.
Key Facts
- The base year for this index is 2012=100.
- Mining support activities include exploration, drilling, and related services.
- Prices are collected from a sample of establishments in the NAICS 213 industry.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 213) measures changes in the selling prices received by domestic producers for their output within the support activities for mining industry.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for monitoring inflation and economic activity in the mining industry, which is essential for policymakers and analysts to assess the state of this critical sector and its impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This index helps policymakers and analysts assess the state of the mining industry and its impact on the broader economy, informing decisions related to economic policy, industry regulation, and investment.
Q: Are there update delays or limitations?
A: The Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 213) is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Mining: Support Activities for Mining (NAICS 213) in the United States (IPUBN213T050000000), retrieved from FRED.