Sectoral Output Price Deflator for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
IPUIN484220T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.60
Year-over-Year Change
880.95%
Date Range
1/1/2003 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) measures price changes for local trucking services in the United States. This indicator is important for economists and policymakers to understand inflation pressures in the transportation and logistics sectors.
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 economic indicator tracks the price changes for local specialized freight trucking services, which are an important component of the overall transportation and logistics industry. It can provide insights into cost pressures and pricing dynamics within this key economic sector.
Methodology
The data is collected through surveys of businesses and calculated as a price index by the U.S. Bureau of Labor Statistics.
Historical Context
This price deflator is used by analysts, policymakers, and businesses to assess inflationary trends and cost structures in the transportation and logistics markets.
Key Facts
- The index base year is 2012 = 100.
- This data series begins in 2005.
- Local trucking services account for over $60 billion in annual revenues in the U.S.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the changes in prices charged by businesses for local specialized freight trucking services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This price deflator provides insights into cost pressures and inflationary trends within the critical transportation and logistics sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated as a price index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by analysts, policymakers, and businesses to assess pricing dynamics and cost structures in the transportation and logistics markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
Related Trends
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IPUIN48422W000000000
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States (IPUIN484220T051000000), retrieved from FRED.