Regional Price Parities: Services: Other: Metropolitan Portion for Delaware
DEMPRPPSERVEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.68
Year-over-Year Change
0.78%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Other: Metropolitan Portion for Delaware measures geographic differences in the prices of services within the state. This metric is important for economists and policymakers to understand regional cost-of-living variations.
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: Services: Other metric quantifies the relative price levels of services, excluding housing, for a specific geographic area compared to the national average. This data point is a key component of the broader Regional Price Parities index, which provides insights into regional differences in purchasing power.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a survey-based methodology.
Historical Context
This metric is utilized by policymakers, businesses, and consumers to assess economic conditions and cost-of-living dynamics across different regions.
Key Facts
- The latest value for Delaware's metropolitan services price parity is 99.4.
- Delaware's services prices are 0.6% below the national average.
- This metric is updated annually by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Other metric measures the relative price levels of services, excluding housing, in Delaware compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data point provides important insights into regional cost-of-living variations, which is relevant for businesses, policymakers, and consumers assessing economic conditions and purchasing power across different areas.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a survey-based methodology.
Q: How is this trend used in economic policy?
A: This metric is utilized by policymakers, businesses, and consumers to assess economic conditions and cost-of-living dynamics across different regions.
Q: Are there update delays or limitations?
A: This metric is updated annually by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Other: Metropolitan Portion for Delaware (DEMPRPPSERVEOTH), retrieved from FRED.