Implicit Regional Price Deflator for Louisiana
LAIRPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.45
Year-over-Year Change
23.75%
Date Range
1/1/2008 - 1/1/2023
Summary
The Implicit Regional Price Deflator for Louisiana measures changes in the overall price level for goods and services in the state. It is a key indicator of inflation and 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 Implicit Regional Price Deflator for Louisiana is a comprehensive measure of price changes across all sectors of the state's economy. It is used by policymakers, analysts, and businesses to understand inflation trends and guide economic decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on a variety of price and expenditure sources.
Historical Context
This index is an important input for policy discussions and market analysis related to the Louisiana economy.
Key Facts
- The base year for the LAIRPD is 2012.
- Louisiana's LAIRPD has risen by 14% since 2015.
- The LAIRPD is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Implicit Regional Price Deflator for Louisiana measures changes in the overall price level for goods and services across the state's economy.
Q: Why is this trend relevant for users or analysts?
A: The LAIRPD is a key indicator of inflation and economic conditions in Louisiana, providing important insights for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on a variety of price and expenditure sources.
Q: How is this trend used in economic policy?
A: The LAIRPD is an important input for policy discussions and market analysis related to the Louisiana economy, helping guide decision-making.
Q: Are there update delays or limitations?
A: The LAIRPD is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay in the release of new data.
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Citation
U.S. Federal Reserve, Implicit Regional Price Deflator for Louisiana (LAIRPD), retrieved from FRED.