Sectoral Output Price Deflator for Retail Trade: Home Centers (NAICS 444110) in the United States
IPUHN444110T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.29
Year-over-Year Change
32.96%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Retail Trade: Home Centers (NAICS 444110) measures price changes for goods sold by home improvement stores in the United States. This metric is a key indicator of inflation and consumer demand in the home improvement 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 deflator tracks the average change in prices charged by home centers, a subsector of the retail trade industry. It provides insight into cost pressures and pricing power within the home improvement market, which is an important component of overall consumer spending.
Methodology
The data is collected through surveys of home improvement retailers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is widely monitored by economists and policymakers to assess the state of the housing and home improvement markets.
Key Facts
- The home centers subsector accounts for over $300 billion in annual sales.
- Prices rose 5.2% in the 12 months ending June 2022.
- The deflator uses 2012 as its base year.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Retail Trade: Home Centers (NAICS 444110) measures the average change in prices charged by home improvement stores in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into cost pressures and pricing power within the home improvement market, which is an important component of overall consumer spending and a key indicator of housing sector activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home improvement retailers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price index is widely monitored by economists and policymakers to assess the state of the housing and home improvement markets, which are important drivers of the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Retail Trade: Home Centers (NAICS 444110) in the United States (IPUHN444110T050000000), retrieved from FRED.