Sectoral Output Price Deflator for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States
IPUJN5173T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.20
Year-over-Year Change
0.97%
Date Range
1/1/1987 - 1/1/2024
Summary
The Sectoral Output Price Deflator for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States measures the price changes in the output of this telecommunications industry. It is a key indicator for analyzing price trends and inflation within the telecommunications 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 sectoral price index tracks the price changes of goods and services produced by wired and wireless telecommunications carriers. It is used by economists and policymakers to assess the overall price dynamics and inflationary pressures in the telecommunications industry.
Methodology
The data is collected through surveys of businesses and calculated using the chained-type Fisher Ideal index formula.
Historical Context
The telecommunications price deflator provides important context for interpreting broader economic and consumer price trends.
Key Facts
- The base year for this index is 2012.
- Telecommunications is a key industry for the broader U.S. economy.
- Prices have risen 1.3% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in output prices for wired and wireless telecommunications carriers, providing insight into price dynamics within the telecommunications industry.
Q: Why is this trend relevant for users or analysts?
A: The telecommunications price deflator is an important indicator for analyzing industry-specific inflation and assessing the overall health of this critical economic sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated using the chained-type Fisher Ideal index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this telecommunications price index to help interpret broader consumer price trends and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This data series is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Information: Wired and Wireless Telecommunications Carriers (NAICS 5173) in the United States (IPUJN5173T050000000), retrieved from FRED.