Regional Price Parities: All Items: Metropolitan Portion for Delaware
DEMPRPPALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.25
Year-over-Year Change
-1.13%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: All Items: Metropolitan Portion for Delaware measures the spatial cost of living differences across U.S. states. It is an important indicator of economic conditions and purchasing power in a given region.
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 series represents the differences in the cost of living across U.S. states, with the national average set to 100. It provides a measure of how prices of all consumption goods and services vary geographically compared to the national level.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys of retail prices and rents.
Historical Context
Policymakers and analysts use this metric to understand regional disparities and target economic development initiatives.
Key Facts
- Delaware's 2020 regional price parity was 99.7, meaning prices were 0.3% below the national average.
- Regional price parities enable comparisons of real purchasing power across states.
- The data covers all consumption goods and services, including housing, food, and utilities.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: All Items: Metropolitan Portion for Delaware measures the spatial differences in the cost of living across U.S. states.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional economic conditions and purchasing power, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys of retail prices and rents.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand regional disparities and target economic development initiatives.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually with a lag, so it may not reflect the most recent economic conditions.
Related Trends
Average Weekly Earnings of All Employees: Education and Health Services in Delaware
SMU10000006500000011A
Average Hourly Earnings of All Employees: Financial Activities in Delaware
SMU10000005500000003
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Delaware
DEPCEGONPI
Gross Domestic Product: Natural Resources and Mining (11, 21) in Delaware
DENATRESMINNGSP
All Employees: Government in Delaware
SMU10000009000000001A
Number of Banks in Delaware
X08ABDE
Citation
U.S. Federal Reserve, Regional Price Parities: All Items: Metropolitan Portion for Delaware (DEMPRPPALL), retrieved from FRED.