Real Personal Income: Metropolitan Portion for Indiana
INMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
304,138,507.00
Year-over-Year Change
34.75%
Date Range
1/1/2008 - 1/1/2023
Summary
The Real Personal Income: Metropolitan Portion for Indiana measures the total personal income of Indiana's metropolitan area residents, adjusted for inflation. It is an important indicator of the economic well-being and purchasing power of Hoosiers.
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 total personal income of Indiana residents living in metropolitan areas, with the effects of inflation removed. It provides insights into the real buying power and standard of living for a significant portion of the state's population.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income statistics and cost-of-living adjustments.
Historical Context
Policymakers and economists monitor this trend to understand consumer demand, economic growth, and the financial health of Indiana's urban centers.
Key Facts
- Indiana's metropolitan personal income accounts for over 80% of the state's total.
- Real personal income growth indicates increased purchasing power for Hoosiers.
- This metric is seasonally adjusted to remove regular fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Real Personal Income: Metropolitan Portion for Indiana measures the total personal income of Indiana residents living in metropolitan areas, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the real buying power and standard of living for a significant portion of Indiana's population, which is crucial for understanding consumer demand and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income statistics and cost-of-living adjustments.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand consumer demand, economic growth, and the financial health of Indiana's urban centers.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be a short delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Indiana (INMPRPI), retrieved from FRED.