Combined Inputs Price Deflator for Manufacturing: Footwear Manufacturing (NAICS 3162) in the United States
IPUEN3162M050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.16
Year-over-Year Change
16.95%
Date Range
1/1/1987 - 1/1/2022
Summary
The Combined Inputs Price Deflator for Manufacturing: Footwear Manufacturing (NAICS 3162) in the United States measures the change in prices of materials, labor, and other inputs used in the production of footwear. This metric is important for economists and policymakers to understand inflation pressures and production costs within the footwear manufacturing 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 Combined Inputs Price Deflator tracks the overall change in prices paid by footwear manufacturers for materials, labor, energy, and other costs of production. It is a key indicator of cost-driven inflationary pressures and can inform monetary and fiscal policy decisions.
Methodology
The data is collected through surveys of footwear manufacturers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this deflator to assess production cost trends and their potential impact on consumer prices, industry profitability, and trade competitiveness.
Key Facts
- The deflator uses 2012 as the base year with an index value of 100.
- Footwear manufacturing accounts for approximately 1.5% of total U.S. manufacturing output.
- The deflator has increased by 12% since 2016, indicating rising production costs.
FAQs
Q: What does this economic trend measure?
A: The Combined Inputs Price Deflator for Manufacturing: Footwear Manufacturing (NAICS 3162) measures the change in prices of materials, labor, and other inputs used in the production of footwear in the United States.
Q: Why is this trend relevant for users or analysts?
A: This deflator is an important indicator of cost-driven inflationary pressures within the footwear manufacturing industry, which can inform monetary and fiscal policy decisions as well as market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of footwear manufacturers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this deflator to assess production cost trends and their potential impact on consumer prices, industry profitability, and trade competitiveness.
Q: Are there update delays or limitations?
A: The deflator data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Combined Inputs Price Deflator for Manufacturing: Footwear Manufacturing (NAICS 3162) in the United States (IPUEN3162M050000000), retrieved from FRED.