Regional Price Parities: Services: Housing for Louisiana
LARPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.09
Year-over-Year Change
-9.64%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Louisiana measure geographic differences in the prices of housing services across the state. This data is crucial for understanding regional economic disparities and cost-of-living variations.
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 (RPPs) measure the differences in price levels across states and metropolitan areas relative to the overall national price level. The Services: Housing component specifically captures differences in the prices of housing services, which is a major component of the consumer budget.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
RPPs are used by policymakers, researchers, and businesses to analyze regional economic conditions and cost-of-living variations.
Key Facts
- Louisiana's housing services prices are 91.8% of the national average.
- Housing services account for 32.6% of total consumer expenditures in Louisiana.
- RPPs are published annually for all U.S. states and metro areas.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Louisiana measure the differences in housing services prices across the state compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is critical for understanding regional economic disparities and cost-of-living variations, which informs policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: RPPs are used by policymakers, researchers, and businesses to analyze regional economic conditions and cost-of-living differences.
Q: Are there update delays or limitations?
A: The RPP data is published annually, with the most recent year's data typically available within 12 months.
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Citation
U.S. Bureau of Economic Analysis, Regional Price Parities: Services: Housing for Louisiana (LARPPSERVERENT), retrieved from FRED.