Sectoral Output Price Deflator for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.61
Year-over-Year Change
18.55%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States measures the change in prices received by wholesalers of nondurable goods. This metric is a key indicator of inflationary pressures in the wholesale trade 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 index tracks the selling prices of a fixed basket of nondurable goods sold by merchant wholesalers, a critical component of the supply chain. It is used by economists and policymakers to assess underlying price trends and gauge the state of the broader wholesale trade industry.
Methodology
The data is collected through surveys of wholesale businesses and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator provides important context for the Federal Reserve and other institutions when evaluating monetary policy and managing inflationary risks.
Key Facts
- The index has a base year of 2012 = 100.
- Nondurable goods account for over half of total wholesale trade sales.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in prices received by merchant wholesalers of nondurable goods in the United States. It is a key indicator of inflationary pressures in the wholesale trade sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into underlying price dynamics and the overall health of the wholesale trade industry, which is a critical component of the supply chain. It is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale businesses and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator provides important context for the Federal Reserve and other institutions when evaluating monetary policy and managing inflationary risks in the broader economy.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics, with a typical one-month lag in data availability.
Related Trends
Hours Worked for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L010000000
Hours Worked for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L200000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W000000000
Hourly Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238U121000000
Unit Labor Costs for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241U100000000
Employment for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248W010000000
Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States (IPUGN424T050000000), retrieved from FRED.