Regional Price Parities: Goods: Metropolitan Portion for Arizona
AZMPRPPGOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.55
Year-over-Year Change
-1.42%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Goods: Metropolitan Portion for Arizona measures regional price differences for goods in Arizona's metropolitan areas compared to the national average.
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 metric provides insight into the relative cost of living in Arizona's urban regions, which is useful for economic and policy analysis. It compares the prices of a fixed basket of goods in Arizona metro areas to the national average.
Methodology
The data is calculated by the Bureau of Economic Analysis using consumer price information.
Historical Context
This metric informs decisions around cost-of-living adjustments, regional economic development, and household budgeting.
Key Facts
- Arizona's metropolitan goods prices are 97.7% of the national average.
- Prices have remained relatively stable, fluctuating within 1% of the national average since 2008.
- This metric is released annually by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative cost of a fixed basket of consumer goods in Arizona's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the cost of living in Arizona's urban regions, which is valuable for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis using consumer price information.
Q: How is this trend used in economic policy?
A: This metric informs decisions around cost-of-living adjustments, regional economic development, and household budgeting.
Q: Are there update delays or limitations?
A: This metric is released annually by the Bureau of Economic Analysis, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Regional Price Parities: Goods: Metropolitan Portion for Arizona (AZMPRPPGOOD), retrieved from FRED.