Regional Price Parities: Services: Housing: Metropolitan Portion for Indiana
INMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.91
Year-over-Year Change
-5.06%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Indiana measures the relative price level of housing services in Indiana's metropolitan areas 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
The Regional Price Parities represent the differences in price levels across states and metropolitan areas for a given year. The housing services component focuses specifically on the relative costs of rental housing, a key driver of overall living expenses.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a survey-based methodology.
Historical Context
This metric provides crucial context for analyzing regional economic conditions and implementing effective policies.
Key Facts
- Indiana's metropolitan housing costs are 91.7% of the national average.
- Housing services make up over 30% of the regional price parity calculation.
- Policymakers use this data to adjust programs like Medicaid and social security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of housing services, such as rental costs, in Indiana's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding regional differences in the cost of living, which is essential for policy decisions, economic analysis, and household budgeting.
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: Policymakers rely on this data to adjust programs like Medicaid and social security to account for regional cost-of-living variations.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is updated annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Indiana (INMPRPPSERVERENT), retrieved from FRED.