Sectoral Output Price Deflator for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States
IPUHN451120T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.20
Year-over-Year Change
-15.79%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States measures the inflation rate for this retail sector. It is a key economic indicator for understanding pricing trends and consumer demand.
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 changes in the average selling prices charged by hobby, toy, and game stores in the U.S. It is used by economists and policymakers to assess inflationary pressures and consumer spending patterns in this important retail industry.
Methodology
The data is collected through surveys of retail establishments and calculated using a price index formula.
Historical Context
The deflator provides insight into the pricing environment faced by consumers and businesses in the hobby, toy, and game retail sector.
Key Facts
- The deflator uses 2012 as the base year.
- Hobby, toy, and game stores account for about 1.5% of total U.S. retail sales.
- Prices in this sector have risen by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) measures changes in the average selling prices charged by businesses in this retail sector.
Q: Why is this trend relevant for users or analysts?
A: This deflator provides important insights into inflationary pressures and consumer demand within the hobby, toy, and game retail industry, which is a significant part of the overall U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a price index formula.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this deflator to assess pricing trends and consumer spending patterns in the hobby, toy, and game retail sector, which can inform broader economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of this data, and the deflator may not fully capture all pricing changes in this rapidly evolving retail segment.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Retail Trade: Hobby, Toy, and Game Stores (NAICS 451120) in the United States (IPUHN451120T051000000), retrieved from FRED.