Regional Price Parities: Goods: Nonmetropolitan Portion for Nebraska
NENMPRPPGOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.26
Year-over-Year Change
0.58%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Goods: Nonmetropolitan Portion for Nebraska measures the relative price differences for goods in nonmetropolitan areas of Nebraska compared to the U.S. national average. This metric is crucial for understanding the cost of living and economic conditions in rural parts of the state.
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) are a set of spatial price indexes published by the U.S. Bureau of Economic Analysis. The Goods: Nonmetropolitan Portion for Nebraska specifically examines price differences for consumer goods in nonurban areas of the state, providing valuable insights into regional economic disparities.
Methodology
The data is calculated based on surveys of consumer prices across different geographic areas.
Historical Context
RPPs help policymakers and economists assess the relative purchasing power and standard of living in different parts of the country.
Key Facts
- Nebraska's nonmetropolitan goods prices were 88.7% of the U.S. average in 2021.
- Prices for goods in rural Nebraska are lower than the national level.
- The Goods: Nonmetropolitan Portion trend helps analyze economic differences between urban and rural areas.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Goods: Nonmetropolitan Portion for Nebraska measures the relative price differences for consumer goods in nonmetropolitan areas of the state compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the cost of living and economic conditions in rural parts of Nebraska, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is calculated based on surveys of consumer prices across different geographic areas.
Q: How is this trend used in economic policy?
A: Regional Price Parities help policymakers and economists assess the relative purchasing power and standard of living in different parts of the country, which can inform decisions on economic development, social programs, and other policies.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually with a delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Regional Price Parities: Goods: Nonmetropolitan Portion for Nebraska (NENMPRPPGOOD), retrieved from FRED.