Sectoral Output Price Deflator for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-22.20
Year-over-Year Change
-553.06%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) measures changes in the prices received by wholesale producers of farm products. This key economic indicator provides insights into inflationary pressures and producer pricing power.
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 represents the price index for goods sold by merchant wholesalers of farm product raw materials. It is used by economists to analyze trends in wholesale price levels, producer profitability, and supply chain dynamics.
Methodology
The data is collected through surveys of wholesale businesses and calculated using the Producer Price Index (PPI) methodology.
Historical Context
This index is relevant for monitoring agricultural markets, commodity price inflation, and the overall health of the wholesale trade sector.
Key Facts
- The index has a base year of 2012.
- Wholesale trade is a key sector, accounting for nearly 6% of U.S. GDP.
- Farm product raw materials make up a significant portion of wholesale trade activity.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices received by wholesale producers of farm product raw materials, such as grains, livestock, and other agricultural commodities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflationary pressures, producer pricing power, and the overall health of the agricultural wholesale trade sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale businesses and calculated using the Producer Price Index (PPI) methodology.
Q: How is this trend used in economic policy?
A: This index is relevant for monitoring agricultural markets, commodity price inflation, and the overall health of the wholesale trade sector, which is important for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States (IPUGN4245T051000000), retrieved from FRED.