Implicit Regional Price Deflator for Massachusetts
MAIRPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.42
Year-over-Year Change
34.17%
Date Range
1/1/2008 - 1/1/2023
Summary
The Implicit Regional Price Deflator for Massachusetts measures inflation and cost of living at the state level. It is a key indicator for policymakers and analysts to understand regional economic trends.
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 Massachusetts tracks changes in the prices of goods and services consumed by households in the state. It provides a more localized measure of inflation compared to national indexes, helping to assess regional economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a range of consumer price and expenditure surveys.
Historical Context
This regional price index is used by economists and policymakers to inform decisions on fiscal, monetary, and cost-of-living policies in Massachusetts.
Key Facts
- Massachusetts has a higher cost of living than the national average.
- The regional price deflator helps adjust economic data for local price differences.
- Inflation can vary significantly between states and metro areas.
FAQs
Q: What does this economic trend measure?
A: The Implicit Regional Price Deflator for Massachusetts measures changes in the prices of goods and services consumed by households in the state. It provides a more localized measure of inflation compared to national indexes.
Q: Why is this trend relevant for users or analysts?
A: This regional price index is an important indicator for policymakers and economists to understand local economic conditions and cost-of-living changes in Massachusetts, which can differ significantly from national trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a range of consumer price and expenditure surveys.
Q: How is this trend used in economic policy?
A: The Massachusetts regional price deflator is used by economists and policymakers to inform decisions on fiscal, monetary, and cost-of-living policies specific to the state.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so it may not fully reflect the most recent economic conditions.
Related Trends
Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Massachusetts
MACPUSYSDSGNRGSP
Exports of Goods for Massachusetts
EXPTOTMA
All Employees: Government: Local Government in Massachusetts
SMS25000009093000001
Commercial Carbon Dioxide Emissions, Distillate Fuel for Massachusetts
EMISSCO2VDFCCBMAA
Real Gross Domestic Product: Construction (23) in Massachusetts
MACONSTRQGSP
Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Massachusetts
SMU25000003200000008
Citation
U.S. Bureau of Economic Analysis, Implicit Regional Price Deflator for Massachusetts (MAIRPD), retrieved from FRED.