Sectoral Output Price Deflator for Retail Trade: Automotive Parts, Accessories, and Tire Stores (NAICS 4413) in the United States
IPUHN4413T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-62.07%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Retail Trade: Automotive Parts, Accessories, and Tire Stores (NAICS 4413) in the United States measures price changes for this sector's output. It is a key indicator of inflationary pressures and consumer demand in the automotive 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 price index tracks changes in the average selling prices received by businesses in the automotive parts, accessories, and tire store retail sector. It is a vital metric for assessing the state of the automotive aftermarket and consumer spending on vehicle-related goods.
Methodology
The data is collected through surveys of retail establishments and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index is closely monitored by policymakers, economists, and industry analysts to gauge economic conditions and consumer behavior in the automotive retail market.
Key Facts
- The base year for this index is 2012 = 100.
- It covers over 23,000 retail establishments nationwide.
- The index has been published monthly since 1947.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the average selling prices received by businesses in the automotive parts, accessories, and tire store retail sector (NAICS 4413).
Q: Why is this trend relevant for users or analysts?
A: This price index is a crucial indicator of inflationary pressures and consumer demand in the automotive aftermarket, making it highly relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, economists, and industry analysts to gauge economic conditions and consumer behavior in the automotive retail market, informing policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely data on price trends in the automotive retail sector.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Retail Trade: Automotive Parts, Accessories, and Tire Stores (NAICS 4413) in the United States (IPUHN4413T051000000), retrieved from FRED.