Regional Price Parities: Services: Housing: Metropolitan Portion for Arkansas
ARMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.95
Year-over-Year Change
-4.19%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Arkansas measures the relative price level of housing services for metropolitan areas in Arkansas 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 economic indicator provides insight into the cost of living and purchasing power differences across geographic regions within the United States. It is used by policymakers, researchers, and businesses to understand regional variations in the prices of goods and services.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a multilateral index approach.
Historical Context
The Regional Price Parities are an important input for adjusting economic statistics to account for geographic price differences.
Key Facts
- Arkansas has a lower relative price level for housing services than the national average.
- The Regional Price Parities are published annually by the Bureau of Economic Analysis.
- The data can be used to adjust income, wages, and other economic statistics for geographic price differences.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the relative price level of housing services for metropolitan areas in Arkansas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: The Regional Price Parities provide important insights into the cost of living and purchasing power differences across geographic 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 multilateral index approach.
Q: How is this trend used in economic policy?
A: The Regional Price Parities are an important input for adjusting economic statistics to account for geographic price differences, which is essential for accurate policy analysis and decision-making.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Arkansas (ARMPRPPSERVERENT), retrieved from FRED.