Implicit Regional Price Deflator: Nonmetropolitan Portion for Delaware
DENMPIRPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2008 - 1/1/2023
Summary
The Implicit Regional Price Deflator (IRPD) for the Nonmetropolitan Portion of Delaware measures inflation at the regional level, providing important insights for economic policymakers and analysts.
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 IRPD tracks changes in the average prices paid by consumers for a basket of goods and services in non-metropolitan areas of Delaware. This metric is crucial for understanding regional variations in the cost of living and informing targeted economic policies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a proprietary methodology.
Historical Context
Policymakers and economists use this regional inflation measure to evaluate the economic conditions faced by non-urban populations and guide appropriate fiscal and monetary policies.
Key Facts
- The IRPD is a type of price index that measures changes in the cost of living.
- The Nonmetropolitan Portion covers rural and small-town areas of Delaware.
- Regional price deflators are important for evaluating economic conditions outside of major metros.
FAQs
Q: What does this economic trend measure?
A: The Implicit Regional Price Deflator for the Nonmetropolitan Portion of Delaware tracks changes in the average prices paid by consumers for a basket of goods and services in non-urban areas of the state.
Q: Why is this trend relevant for users or analysts?
A: This regional inflation measure is crucial for understanding cost-of-living variations across different parts of Delaware and informing appropriate economic policies for non-metropolitan areas.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a proprietary methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this regional inflation measure to evaluate the economic conditions faced by non-urban populations and guide appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and coverage limitations of the underlying sources used by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Implicit Regional Price Deflator: Nonmetropolitan Portion for Delaware (DENMPIRPD), retrieved from FRED.