Regional Price Parities: All Items: Metropolitan Portion for Connecticut
CTMPRPPALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.90
Year-over-Year Change
-3.85%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: All Items: Metropolitan Portion for Connecticut measures the relative cost of living in Connecticut's metropolitan areas 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 index is a measure of the geographic differences in the price levels of consumer goods and services across the United States. It provides valuable insights into the relative purchasing power and cost of living in different regions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using price information from the Consumer Price Index.
Historical Context
Policymakers and businesses use this data to make informed decisions about regional economic conditions and cost-of-living adjustments.
Key Facts
- Connecticut's metropolitan price level is above the national average.
- The index value for Connecticut has remained relatively stable over time.
- Regional price differences can significantly impact household budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: All Items: Metropolitan Portion for Connecticut measures the relative cost of living in Connecticut's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the geographic differences in the price levels of consumer goods and services, which is crucial for understanding regional economic conditions and cost-of-living adjustments.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using price information from the Consumer Price Index.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to make informed decisions about regional economic conditions and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published annually, with some potential for delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Regional Price Parities: All Items: Metropolitan Portion for Connecticut (CTMPRPPALL), retrieved from FRED.