Regional Price Parities: Services: Other: Nonmetropolitan Portion for Delaware
DENMPRPPSERVEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Other: Nonmetropolitan Portion for Delaware measures the relative cost of services in nonmetropolitan areas of Delaware compared to the national average. This metric is important for economists and policymakers to understand regional cost-of-living 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
This series provides a measure of the variation in the cost of services, excluding rent, in nonmetropolitan areas of Delaware relative to the national average. It is one component of the broader Regional Price Parities data, which are used to adjust income and other economic measures for regional price level differences.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a proprietary methodology.
Historical Context
Regional price data like this is used by government agencies and researchers to inform policy decisions and economic analyses.
Key Facts
- Delaware's nonmetropolitan services prices are 89.4% of the national average.
- This metric has been tracked since 2008.
- Nonmetropolitan areas account for 23% of Delaware's population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative cost of services, excluding rent, in nonmetropolitan areas of Delaware compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional cost-of-living differences and adjusting economic measures like income accordingly.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a proprietary methodology.
Q: How is this trend used in economic policy?
A: Regional price data like this is used by government agencies and researchers to inform policy decisions and economic analyses.
Q: Are there update delays or limitations?
A: The data is updated annually with a short delay, and may not capture all price variation within Delaware.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Other: Nonmetropolitan Portion for Delaware (DENMPRPPSERVEOTH), retrieved from FRED.