Regional Price Parities: Goods for District of Columbia
DCRPPGOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.87
Year-over-Year Change
-1.84%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Goods for District of Columbia measures the relative price levels of consumer goods and services in the District of Columbia compared to the national average. This key economic indicator helps assess the purchasing power and cost of living in the nation's capital.
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: Goods for District of Columbia provides a spatial price index that allows direct comparisons of the price levels for goods across different geographic areas within the United States. This metric is an important benchmark used by economists, policymakers, and businesses to understand regional differences in prices and standards of living.
Methodology
The data is collected through consumer price surveys and adjusted to a national reference level.
Historical Context
Policymakers and businesses use this metric to inform decisions around taxes, wages, and cost-of-living adjustments.
Key Facts
- District of Columbia prices are 11.4% above the national average.
- Goods in D.C. are 12.3% more expensive than the U.S. overall.
- The index has been published annually since 2008.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Goods for District of Columbia measures the relative price levels of consumer goods in the District of Columbia compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important benchmark used by economists, policymakers, and businesses to understand regional differences in prices and standards of living.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and adjusted to a national reference level.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to inform decisions around taxes, wages, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The index has been published annually since 2008.
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Citation
U.S. Federal Reserve, Regional Price Parities: Goods for District of Columbia (DCRPPGOOD), retrieved from FRED.