Regional Price Parities: Goods: Metropolitan Portion for Oregon
ORMPRPPGOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.56
Year-over-Year Change
4.41%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities for Goods in the Metropolitan Portion of Oregon measure price differences for consumer goods across different regions within the state. This data is useful for policymakers and economists analyzing cost-of-living variations.
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) for Goods in the Metropolitan Portion of Oregon provide a regional price index that compares the average prices paid for a basket of goods and services in different metropolitan areas to the national average. This data can be used to assess relative purchasing power and cost-of-living differences across Oregon.
Methodology
The U.S. Bureau of Economic Analysis calculates the RPPs using survey data on consumer expenditures and prices.
Historical Context
The RPP data helps inform policies related to regional economic development, cost-of-living adjustments, and household migration patterns.
Key Facts
- Oregon's metropolitan RPP for goods was 101.3 in 2020, indicating prices 1.3% above the national average.
- The RPP for goods measures differences in the prices paid by consumers for the same basket of goods across regions.
- RPP data helps analyze regional variation in purchasing power and cost of living.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities for Goods in the Metropolitan Portion of Oregon measure the relative prices paid by consumers for a basket of goods in different metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for assessing regional differences in cost of living, informing policies related to economic development and household migration, and analyzing purchasing power variations across Oregon.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates the RPPs using survey data on consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The RPP data helps inform policies related to regional economic development, cost-of-living adjustments, and household migration patterns.
Q: Are there update delays or limitations?
A: The RPP data is published annually with a lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Regional Price Parities: Goods: Metropolitan Portion for Oregon (ORMPRPPGOOD), retrieved from FRED.