Regional Price Parities: Services: Housing: Metropolitan Portion for Hawaii
HIMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.18
Year-over-Year Change
-11.67%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Hawaii measures price levels for rental housing services in major metropolitan areas across Hawaii relative 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 provides a way to compare the purchasing power of a dollar across different regions of the United States, helping economists and policymakers understand regional cost-of-living differences.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used to adjust economic data for regional price variations, informing decisions around program eligibility, funding allocations, and economic analysis.
Key Facts
- Hawaii has the highest housing costs in the nation.
- The metro portion of this index averaged 140.3 in 2021, indicating prices 40.3% above the national average.
- These data are used to adjust federal program eligibility thresholds for regional price differences.
FAQs
Q: What does this economic trend measure?
A: This index measures the relative price levels for rental housing services in major metropolitan areas across Hawaii compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding regional cost-of-living differences, informing policy decisions, and adjusting economic statistics to account for geographic price variations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is used to adjust federal program eligibility thresholds and funding allocations to account for regional price differences, as well as to inform broader economic analysis and decision-making.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term price fluctuations in specific markets.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Hawaii (HIMPRPPSERVERENT), retrieved from FRED.