Regional Price Parities: All Items for District of Columbia
DCRPPALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.80
Year-over-Year Change
-2.89%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: All Items for District of Columbia measures the relative cost of living in the District of Columbia compared to the national average. This data is important for economists and policymakers to understand regional economic differences.
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 Regional Price Parities (RPPs) are spatial price indexes that measure the differences in price levels across states and metropolitan areas for a given year. The All Items RPP for the District of Columbia specifically reflects the overall price level in the region relative to the national average.
Methodology
The U.S. Bureau of Economic Analysis calculates RPPs using a combination of Consumer Price Index and other price data.
Historical Context
RPP data helps inform policy decisions and market analysis related to regional economic conditions and cost of living.
Key Facts
- The District of Columbia's All Items RPP was 121.7 in 2021.
- This means prices in DC were 21.7% higher than the national average.
- The RPP has increased from 115.7 in 2008 to 121.7 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: All Items for District of Columbia measures the overall price level in the DC region compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional cost of living differences, which informs economic policy and market analysis.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates RPPs using Consumer Price Index and other price data.
Q: How is this trend used in economic policy?
A: RPP data helps inform policy decisions related to regional economic conditions and the cost of living.
Q: Are there update delays or limitations?
A: RPP data is published annually with a lag, so the most recent year may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Regional Price Parities: All Items for District of Columbia (DCRPPALL), retrieved from FRED.