Sectoral Output Price Deflator for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
4.17%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States tracks changes in wholesale prices for construction materials. This metric is a key indicator of inflationary pressures and construction sector dynamics.
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 deflator measures the overall price trend for a basket of construction materials sold by wholesale merchants. It provides insight into the cost pressures faced by builders, contractors, and construction-related industries. Economists and policymakers use this index to assess construction supply chain inflation.
Methodology
The data is collected through surveys of wholesale trade establishments and calculated as a weighted average of prices.
Historical Context
This index informs decisions around monetary policy, infrastructure investment, and construction industry regulation.
Key Facts
- The deflator has a base year of 2012.
- Lumber and wood products make up over 50% of the deflator's weighting.
- The index has risen over 40% since the start of the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) tracks changes in the overall prices charged by wholesalers for construction materials.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into construction supply chain inflation, which is a key concern for builders, contractors, and policymakers overseeing the construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale trade establishments and calculated as a weighted average of prices.
Q: How is this trend used in economic policy?
A: This index informs decisions around monetary policy, infrastructure investment, and construction industry regulation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. The index may not fully capture all supply chain disruptions or regional price variations.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States (IPUGN4233T051000000), retrieved from FRED.