Combined Inputs Price Deflator for Manufacturing: Office Furniture (Including Fixtures) Manufacturing (NAICS 3372) in the United States
IPUEN3372M051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
500.00%
Date Range
1/1/1988 - 1/1/2022
Summary
The Combined Inputs Price Deflator for Manufacturing: Office Furniture (Including Fixtures) Manufacturing (NAICS 3372) in the United States tracks changes in the prices of all inputs, including materials, labor, and capital, used in the production of office furniture.
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 measures the overall price changes experienced by the office furniture manufacturing industry. It is a valuable indicator of inflationary pressures and cost dynamics within this key manufacturing sector.
Methodology
The data is collected through surveys of manufacturers and calculated using a fixed-weight price index formula.
Historical Context
Policymakers and economists monitor this index to assess the broader health of the manufacturing industry and inform decisions related to monetary policy and industrial production.
Key Facts
- This index has a base year of 2012.
- The office furniture manufacturing industry is part of the broader NAICS 337 furniture and related product manufacturing sector.
- The price deflator tracks changes in input costs, not just the final price of office furniture.
FAQs
Q: What does this economic trend measure?
A: This index measures the overall price changes experienced by the office furniture manufacturing industry, including materials, labor, and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: This index is a valuable indicator of inflationary pressures and cost dynamics within the office furniture manufacturing sector, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturers and calculated using a fixed-weight price index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the broader health of the manufacturing industry and inform decisions related to monetary policy and industrial production.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Combined Inputs Price Deflator for Manufacturing: Office Furniture (Including Fixtures) Manufacturing (NAICS 3372) in the United States (IPUEN3372M051000000), retrieved from FRED.