Sectoral Output Price Deflator for Retail Trade: Hardware Stores (NAICS 444130) in the United States
IPUHN444130T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.30
Year-over-Year Change
-186.67%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Retail Trade: Hardware Stores (NAICS 444130) measures the change in prices charged by hardware stores in the United States. This metric is important for economists and policymakers to understand inflation trends and consumer purchasing power in the hardware retail 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
The Sectoral Output Price Deflator tracks the prices of goods and services sold by hardware stores, a key segment of the retail trade industry. This index can provide insights into supply chain pressures, consumer demand, and broader economic conditions that impact the hardware retail sector.
Methodology
The data is collected through surveys of hardware stores and calculated as a price index by the U.S. Bureau of Economic Analysis.
Historical Context
The hardware store price deflator is used by the Federal Reserve and other policymakers to monitor inflation and assess the health of the retail trade industry.
Key Facts
- Hardware stores account for over $50 billion in annual sales in the U.S.
- The hardware retail sector employs more than 400,000 workers nationwide.
- Prices at hardware stores can signal changing costs for home improvement projects.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Retail Trade: Hardware Stores (NAICS 444130) measures the change in prices charged by hardware stores in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflation, consumer demand, and broader economic conditions impacting the hardware retail sector, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of hardware stores and calculated as a price index by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The hardware store price deflator is used by the Federal Reserve and other policymakers to monitor inflation and assess the health of the retail trade industry.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have some delay in publication compared to other economic indicators.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Retail Trade: Hardware Stores (NAICS 444130) in the United States (IPUHN444130T051000000), retrieved from FRED.