Regional Price Parities: All Items: Nonmetropolitan Portion for Massachusetts
MANMPRPPALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.76
Year-over-Year Change
12.39%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: All Items: Nonmetropolitan Portion for Massachusetts tracks relative price differences across nonmetropolitan areas of the state compared to the national average. This metric is important for evaluating cost-of-living and purchasing power for policymakers and economists.
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 measure geographic differences in the price levels of consumer goods and services, allowing for more accurate comparisons of real purchasing power across regions. The nonmetropolitan portion for Massachusetts specifically captures price variations in rural and small-town areas of the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer expenditures and prices.
Historical Context
This metric is used to inform policy decisions around cost-of-living adjustments, economic development programs, and regional economic analysis.
Key Facts
- Massachusetts nonmetropolitan areas have a price level 92.5% of the national average.
- Regional price parities are published annually by the U.S. Bureau of Economic Analysis.
- Price differences can vary significantly across rural, suburban, and urban areas of a state.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: All Items: Nonmetropolitan Portion for Massachusetts tracks the relative price level of consumer goods and services in rural and small-town areas of the state compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating real purchasing power and cost-of-living differences across regions, which informs policy decisions around economic development, cost-of-living adjustments, and regional economic analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: Regional price parities are used to inform policies around cost-of-living adjustments, economic development programs, and regional economic analysis.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Bureau of Economic Analysis, with a typical 1-year lag in the most recent observations.
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Citation
U.S. Federal Reserve, Regional Price Parities: All Items: Nonmetropolitan Portion for Massachusetts (MANMPRPPALL), retrieved from FRED.