Sectoral Output Price Deflator for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
IPUIN484T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.70
Year-over-Year Change
-148.57%
Date Range
1/1/1993 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Truck Transportation (NAICS 484) measures changes in the prices received by producers in the U.S. truck transportation industry. This metric is a key indicator of inflationary pressures and price dynamics within this critical logistics 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 for Truck Transportation (NAICS 484) tracks the average change in prices charged by U.S. truck transportation companies. It is used by policymakers, economists, and industry analysts to assess cost and pricing trends impacting this vital component of the country's supply chain infrastructure.
Methodology
The data is collected through surveys of U.S. truck transportation firms by the Bureau of Labor Statistics.
Historical Context
Trends in the Truck Transportation Deflator provide insights into logistics costs and their potential impact on consumer prices and economic activity.
Key Facts
- The Truck Transportation Deflator is a component of the Producer Price Index (PPI).
- Truck transportation accounts for over 80% of total U.S. freight transportation by ton-miles.
- Changes in the Truck Transportation Deflator can impact consumer prices for a wide range of goods.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Truck Transportation (NAICS 484) measures changes in the average prices received by U.S. truck transportation companies for their services.
Q: Why is this trend relevant for users or analysts?
A: Trends in the Truck Transportation Deflator provide important insights into logistics costs and their potential impacts on consumer prices and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. truck transportation firms conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use the Truck Transportation Deflator to assess cost and pricing dynamics within this critical component of the U.S. supply chain.
Q: Are there update delays or limitations?
A: The Truck Transportation Deflator data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States (IPUIN484T051000000), retrieved from FRED.