Regional Price Parities: All Items for Delaware
DERPPALL • 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 for Delaware trend measures the relative cost of living in Delaware compared to the national average. This metric is important for policymakers and economists analyzing regional economic conditions.
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 (RPP) index measures the differences in price levels across states and metropolitan areas relative to the national average. The All Items RPP for Delaware specifically captures the overall cost of goods and services in the state.
Methodology
The U.S. Bureau of Economic Analysis calculates RPP data using a weighted average of prices for a range of consumer expenditures.
Historical Context
RPP data helps inform decisions related to regional economic development, cost-of-living adjustments, and policy targeting.
Key Facts
- Delaware's All Items RPP was 98.2 in 2020, indicating costs 1.8% below the national average.
- RPP data is released annually by the Bureau of Economic Analysis.
- RPP indexes are used to adjust federal employee compensation based on local price levels.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: All Items for Delaware measures the overall cost of living in the state relative to the national average.
Q: Why is this trend relevant for users or analysts?
A: RPP data is important for analyzing regional economic conditions, informing policy decisions, and adjusting compensation based on local price levels.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates RPP using a weighted average of prices for a range of consumer expenditures.
Q: How is this trend used in economic policy?
A: RPP data helps inform decisions related to regional economic development, cost-of-living adjustments, and policy targeting.
Q: Are there update delays or limitations?
A: RPP data is released annually by the Bureau of Economic Analysis with a lag from the reference year.
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Citation
U.S. Federal Reserve, Regional Price Parities: All Items for Delaware (DERPPALL), retrieved from FRED.