Regional Price Parities: All Items for Nebraska
NERPPALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.38
Year-over-Year Change
-1.17%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: All Items for Nebraska trend measures regional cost-of-living differences across the United States. It is an important economic indicator used by policymakers and analysts to understand geographic variations in purchasing power.
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) index measures the differences in price levels across states and metropolitan areas compared to the national average. This Nebraska-specific RPP series provides insights into regional cost-of-living dynamics that can inform a range of economic and policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a price survey of various goods and services.
Historical Context
RPP data is leveraged by government agencies, businesses, and researchers to assess relative affordability and guide economic and policy strategies.
Key Facts
- Nebraska's RPP index was 92.4 in 2021, indicating prices 7.6% below the national average.
- RPPs can vary significantly within a state, reflecting differences in urban vs. rural costs.
- RPPs are used to adjust income data for geographic price differences.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: All Items for Nebraska trend measures regional cost-of-living differences across the state compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: RPP data provides important insights into geographic variations in purchasing power, which can inform a range of economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a price survey of various goods and services.
Q: How is this trend used in economic policy?
A: RPP data is leveraged by government agencies, businesses, and researchers to assess relative affordability and guide economic and policy strategies.
Q: Are there update delays or limitations?
A: The RPP data is updated annually, with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Regional Price Parities: All Items for Nebraska (NERPPALL), retrieved from FRED.