Sectoral Output Price Deflator for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States
IPUUN81231T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
300.00%
Date Range
1/1/1988 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) measures changes in the prices charged by coin-operated laundry and drycleaning businesses in the United States. This metric is an important indicator of cost pressures and inflation in the services 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 index tracks the output prices for the coin-operated laundry and drycleaning industry, providing insight into pricing trends and cost dynamics for a key consumer services segment. Economists and policymakers monitor this data to assess overall services inflation and make informed decisions about monetary and fiscal policy.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on surveyed price data from businesses in this industry.
Historical Context
This measure helps inform Federal Reserve policy decisions and is closely watched by market analysts to gauge inflationary pressures in the broader services economy.
Key Facts
- The index has a base year of 2012.
- Prices are collected from a sample of coin-operated laundry and drycleaning businesses nationwide.
- This metric is a component of the overall Producer Price Index for the U.S. services sector.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the output prices charged by coin-operated laundry and drycleaning businesses in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into pricing and cost dynamics within the services sector, which is a key driver of overall U.S. inflation.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on surveyed price data from businesses in this industry.
Q: How is this trend used in economic policy?
A: This measure helps inform Federal Reserve policy decisions and is closely watched by market analysts to gauge inflationary pressures in the broader services economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Other Services (Except Public Administration): Coin-Operated Laundries and Drycleaners (NAICS 81231) in the United States (IPUUN81231T051000000), retrieved from FRED.