Sectoral Output Price Deflator for Retail Trade: Pet and Pet Supplies Stores (NAICS 45391) in the United States
IPUHN45391T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.54
Year-over-Year Change
20.95%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Retail Trade: Pet and Pet Supplies Stores (NAICS 45391) in the United States measures changes in prices received by pet and pet supplies stores. This metric is a key indicator of inflation and consumer purchasing power in the pet 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 is an economic index that tracks changes in prices charged by producers within a specific industry or sector. In this case, the index focuses on the pet and pet supplies retail industry, providing insight into pricing dynamics and potential inflationary pressures faced by consumers in this market.
Methodology
The data is collected through surveys of pet and pet supplies retailers and calculated by the U.S. Federal Reserve.
Historical Context
This price deflator is used by economists, policymakers, and market analysts to assess inflationary trends and consumer demand in the pet retail industry.
Key Facts
- The base year for this index is 2012.
- The pet and pet supplies retail industry accounts for over $70 billion in annual sales in the U.S.
- This deflator is a component of the Producer Price Index (PPI) published by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Retail Trade: Pet and Pet Supplies Stores (NAICS 45391) measures changes in the prices received by pet and pet supplies retailers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This price deflator provides important insights into inflationary pressures and consumer purchasing power in the pet retail industry, which is a significant and growing segment of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of pet and pet supplies retailers and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this price deflator to assess inflationary trends and consumer demand in the pet retail industry, which can inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Sectoral Output Price Deflator for Retail Trade: Pet and Pet Supplies Stores is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Retail Trade: Pet and Pet Supplies Stores (NAICS 45391) in the United States (IPUHN45391T050000000), retrieved from FRED.