Sectoral Output Price Deflator for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States
IPUUN81211T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
562.50%
Date Range
1/1/1988 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Hair, Nail, and Skin Care Services (NAICS 81211) measures price changes in the personal care services industry in the United States. This metric is a key indicator of inflationary trends and service sector performance.
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 tracks the prices charged by businesses providing hair, nail, and skin care services, a significant component of the broader personal care services industry. Economists and policymakers use this index to assess cost pressures and service sector dynamics within the U.S. economy.
Methodology
The data is collected through surveys of service providers and calculated as a chained-type price index.
Historical Context
This index helps inform monetary and fiscal policy decisions related to the personal care services industry and broader service sector.
Key Facts
- The personal care services industry accounts for over $60 billion in annual revenue in the U.S.
- Prices for hair, nail, and skin care services rose 3.2% in the past year.
- This index is a component of the broader Producer Price Index (PPI) for the service sector.
FAQs
Q: What does this economic trend measure?
A: The Sectoral Output Price Deflator for Hair, Nail, and Skin Care Services (NAICS 81211) measures changes in the prices charged by businesses providing personal care services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and service sector performance, which is important for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of service providers and calculated as a chained-type price index.
Q: How is this trend used in economic policy?
A: This index helps inform monetary and fiscal policy decisions related to the personal care services industry and broader service sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Other Services (Except Public Administration): Hair, Nail, and Skin Care Services (NAICS 81211) in the United States (IPUUN81211T051000000), retrieved from FRED.