Sectoral Output Price Deflator for Retail Trade: New Car Dealers (NAICS 441110) in the United States
IPUHN441110T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.69
Year-over-Year Change
24.61%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Retail Trade: New Car Dealers (NAICS 441110) measures changes in the prices charged by new car dealers in the United States. This metric is important for economists and policymakers to understand inflation trends and consumer purchasing power in the auto retail industry.
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 economic indicator tracks the price index for goods and services sold by new car dealers, a key component of the retail trade sector. It is used to analyze pricing dynamics, monitor inflation, and assess the overall health of the auto sales market.
Methodology
The data is collected through surveys of new car dealers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The new car dealer price index informs monetary policy decisions and provides insight into consumer demand and spending patterns.
Key Facts
- Tracks price changes for new cars sold by dealers.
- Used to monitor inflation in the auto retail sector.
- Provides insight into consumer demand and spending.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Retail Trade: New Car Dealers (NAICS 441110) measures changes in the prices charged by new car dealers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand inflation trends and consumer purchasing power in the auto retail industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of new car dealers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The new car dealer price index informs monetary policy decisions and provides insight into consumer demand and spending patterns.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays, providing timely insights into the new car retail market.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Retail Trade: New Car Dealers (NAICS 441110) in the United States (IPUHN441110T050000000), retrieved from FRED.