Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
272.73%
Date Range
1/1/1988 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States measures the change in prices received by the postal service industry. This metric is a key indicator of inflationary pressures and productivity in the postal 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 price deflator tracks the output prices charged by postal service providers in the United States. It is used by economists and policymakers to understand cost and price dynamics within the transportation and warehousing industry, which has important implications for overall economic conditions.
Methodology
The data is collected through surveys of postal service providers and calculated as an index by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this price deflator inform policy decisions around postal service regulation, pricing, and funding.
Key Facts
- The base year for this index is 2012 = 100.
- Postal service accounts for over $70 billion in annual economic output.
- The postal industry employs over 600,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in output prices charged by the postal service industry in the United States, as classified under NAICS code 491110.
Q: Why is this trend relevant for users or analysts?
A: This price deflator is an important indicator of cost and productivity dynamics within the transportation and warehousing sector, which has significant implications for overall economic conditions and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of postal service providers and calculated as an index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this price deflator inform policy decisions around postal service regulation, pricing, and funding.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States (IPUIN491110T051000000), retrieved from FRED.