Sectoral Output Price Deflator for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States
IPUHN4483T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.38
Year-over-Year Change
11.35%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States measures the change in prices charged by these retailers. It is a key indicator of inflationary pressures in this consumer-facing 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 price changes for the output of establishments primarily engaged in retailing jewelry, luggage, and leather goods. It is used by economists and policymakers to assess trends in consumer spending, retail trade, and broader price dynamics.
Methodology
The data is collected through surveys of retail establishments and calculated using a Laspeyres formula.
Historical Context
Monitoring this deflator helps inform monetary and fiscal policies that aim to stabilize consumer prices.
Key Facts
- The base year for this index is 2012 = 100.
- Jewelry, luggage, and leather goods account for around 1% of total U.S. retail sales.
- This deflator is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices charged by retailers of jewelry, luggage, and leather goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This deflator is an important indicator of inflationary pressures in the consumer retail sector, which helps inform monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: Monitoring this deflator helps policymakers assess trends in consumer spending and broader price dynamics, which informs monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This deflator is published monthly by the U.S. Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Retail Trade: Jewelry, Luggage, and Leather Goods Stores (NAICS 4483) in the United States (IPUHN4483T050000000), retrieved from FRED.