Combined Inputs Price Deflator for Manufacturing: Alumina and Aluminum Production and Processing (NAICS 33131) in the United States
IPUEN33131M051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.50
Year-over-Year Change
-53.43%
Date Range
1/1/1988 - 1/1/2022
Summary
The Combined Inputs Price Deflator for Manufacturing: Alumina and Aluminum Production and Processing (NAICS 33131) in the United States measures changes in the prices of inputs used in the aluminum production and processing industry. This metric is important for economists and policymakers to understand cost pressures and inflation dynamics in this key manufacturing 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 price index tracks the change in prices for materials, labor, and other inputs used in the production and processing of alumina and aluminum. It provides insight into the cost structure and inflationary trends within the U.S. aluminum industry, which is a major component of the broader manufacturing sector.
Methodology
The data is collected through surveys of aluminum producers and processors by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this index to gauge input cost inflation and assess the competitiveness of the U.S. aluminum industry.
Key Facts
- The U.S. aluminum industry accounts for over $70 billion in annual economic output.
- Aluminum is a key input for industries like automotive, construction, and aerospace.
- The United States is the world's second-largest producer of primary aluminum.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of materials, labor, and other inputs used in the production and processing of alumina and aluminum in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into cost pressures and inflationary trends within the U.S. aluminum industry, which is a key component of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of aluminum producers and processors by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to gauge input cost inflation and assess the competitiveness of the U.S. aluminum industry.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical one-month lag in data availability.
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Citation
U.S. Federal Reserve, Combined Inputs Price Deflator for Manufacturing: Alumina and Aluminum Production and Processing (NAICS 33131) in the United States (IPUEN33131M051000000), retrieved from FRED.