Implicit Regional Price Deflator for Maine
MEIRPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.99
Year-over-Year Change
31.02%
Date Range
1/1/2008 - 1/1/2023
Summary
The Implicit Regional Price Deflator for Maine measures inflation in the state's economy. It is an important indicator for policymakers and economists to assess regional 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 Maine is a measure of the changes in prices for all goods and services produced within the state. It is used to adjust nominal economic data for inflation and provide a more accurate picture of real economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and government statistics.
Historical Context
This deflator is a key input for analyzing Maine's economic performance and informing state-level policy decisions.
Key Facts
- The base year for the Implicit Regional Price Deflator is 2012.
- Maine's deflator has increased by an average of 1.8% annually over the past decade.
- The deflator 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 Maine measures changes in the prices of goods and services produced within the state.
Q: Why is this trend relevant for users or analysts?
A: This deflator is a key indicator for assessing the real economic performance of Maine and informing state-level policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using economic surveys and government statistics.
Q: How is this trend used in economic policy?
A: The Maine deflator is used by policymakers, economists, and businesses to analyze the state's economic conditions and guide decision-making.
Q: Are there update delays or limitations?
A: The Implicit Regional Price Deflator for Maine is published quarterly with a short delay.
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Citation
U.S. Federal Reserve, Implicit Regional Price Deflator for Maine (MEIRPD), retrieved from FRED.