Regional Price Parities: Goods: Metropolitan Portion for Montana
MTMPRPPGOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.29
Year-over-Year Change
-5.27%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Goods: Metropolitan Portion for Montana measures the relative price levels of goods in Montana's metropolitan areas compared to the national average.
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
This index provides insights into the cost of living and purchasing power within Montana's urban regions. It is a key economic indicator used by policymakers, researchers, and businesses to understand regional price dynamics and guide decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a survey-based methodology.
Historical Context
The Regional Price Parities index helps inform policies related to cost-of-living adjustments, economic development, and regional economic analysis.
Key Facts
- Montana's metro goods prices are 90.5% of the national average.
- The Regional Price Parities index is published annually by the BEA.
- This data is used to adjust income and benefits for regional price differences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price levels of goods in Montana's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: The Regional Price Parities index provides insights into the cost of living and purchasing power within Montana's urban regions, which is crucial information for policymakers, researchers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a survey-based methodology.
Q: How is this trend used in economic policy?
A: The Regional Price Parities index helps inform policies related to cost-of-living adjustments, economic development, and regional economic analysis.
Q: Are there update delays or limitations?
A: The Regional Price Parities index is published annually by the BEA, so there may be a delay in the most recent data.
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Citation
U.S. Federal Reserve, Regional Price Parities: Goods: Metropolitan Portion for Montana (MTMPRPPGOOD), retrieved from FRED.