Sectoral Output Price Deflator for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.38
Year-over-Year Change
33.49%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) measures changes in the wholesale prices of metal and mineral products sold by U.S. wholesalers. This metric is a key indicator of inflationary pressures in the metals and minerals wholesale 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 series tracks the average price changes over time for the outputs, or sales, of metal and mineral merchant wholesalers. It is used by economists and policymakers to understand trends in wholesale pricing and monitor potential inflationary risks in this industry.
Methodology
The data is collected through surveying a sample of wholesale establishments and calculating a price index based on their reported selling prices.
Historical Context
Movements in this deflator can signal changes in supply, demand, or costs that may impact downstream industries and consumer prices.
Key Facts
- The deflator uses 2012 as the base year with an index value of 100.
- Metals and minerals account for over 20% of total U.S. wholesale trade revenue.
- The index has shown steady price growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This series tracks changes in the average selling prices of metal and mineral products sold by U.S. wholesale merchants, providing insight into inflationary pressures in this industry.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this deflator is important for understanding broader wholesale and industrial price dynamics that can impact downstream industries and consumer inflation.
Q: How is this data collected or calculated?
A: The data is collected through a survey of wholesale establishments and used to calculate a price index based on their reported selling prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts track this deflator as an input to assess inflationary pressures and their potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to periodic revisions by the source agency.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States (IPUGN4235T050000000), retrieved from FRED.