Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.30
Year-over-Year Change
49.76%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491) measures changes in the prices received by the postal service industry for its outputs in the United States. This metric is important for economists and policymakers to understand inflationary 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 index tracks the prices charged by the postal service industry for its services, including mail delivery, package shipping, and other logistics-related outputs. It provides a more granular view of price changes compared to broader measures like the Consumer Price Index, allowing for more targeted analysis of specific industry trends.
Methodology
The data is collected through surveys of postal service providers and calculated as a weighted index.
Historical Context
This metric helps inform monetary and fiscal policy decisions related to the transportation and logistics sectors.
Key Facts
- The postal service industry is a major component of the transportation and logistics sector.
- This index helps track inflationary pressures in the postal service industry.
- The data is updated monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices received by the postal service industry for its outputs, including mail delivery, package shipping, and other logistics-related services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures within the transportation and logistics sectors, which are critical for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of postal service providers and calculated as a weighted index by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend helps inform monetary and fiscal policy decisions related to the transportation and logistics sectors, as it provides a more granular view of price changes compared to broader measures like the Consumer Price Index.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Federal Reserve with no significant delays.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 491) in the United States (IPUIN491T050000000), retrieved from FRED.