Regional Price Parities: Services: Other: Metropolitan Portion for Arizona
AZMPRPPSERVEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.58
Year-over-Year Change
1.93%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Other: Metropolitan Portion for Arizona measures the relative price level of services in Arizona 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 cost of living and purchasing power in Arizona's urban regions. It is used by economists, policymakers, and businesses to analyze regional economic disparities and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic statistics.
Historical Context
This metric is relevant for understanding the competitiveness and affordability of Arizona's major urban areas.
Key Facts
- Arizona's metropolitan services prices were 93.4% of the national average in 2020.
- This metric has remained relatively stable over the past decade.
- Phoenix is the largest metropolitan area in Arizona.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative price level of services in Arizona's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the cost of living and purchasing power in Arizona's urban regions, which is relevant for economic analysis and decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and businesses to analyze regional economic disparities and inform decisions related to the competitiveness and affordability of Arizona's major urban areas.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a lag of several months between the reference year and the publication date.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Other: Metropolitan Portion for Arizona (AZMPRPPSERVEOTH), retrieved from FRED.