Regional Price Parities: Services: Housing for Hawaii
HIRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.89
Year-over-Year Change
-9.84%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Hawaii measures the relative price level of housing services in Hawaii compared to the national average. This metric is important for economists and policymakers to understand regional cost-of-living differences.
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 for Services: Housing index provides a measure of the price level of housing services in Hawaii relative to the national average. This allows for interregional comparisons of real purchasing power and cost-of-living adjustments.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey and market price information.
Historical Context
Policymakers and economists use this index to adjust incomes, costs, and standards of living across geographic regions.
Key Facts
- Hawaii has the highest housing costs in the U.S.
- The Regional Price Parities index is published annually by the BEA.
- The index is used to adjust federal programs for regional price differences.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Hawaii measures the relative price level of housing services in Hawaii compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional cost-of-living differences and adjusting incomes, costs, and standards of living across geographic regions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey and market price information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to adjust incomes, costs, and standards of living across geographic regions.
Q: Are there update delays or limitations?
A: The Regional Price Parities index is published annually by the BEA.
Related Trends
Coefficient for Transportation Carbon Dioxide Emissions, Motor Gasoline for Hawaii
EMISSCO2CMGACBHIA
Business Applications with Planned Wages: Total for All NAICS in Hawaii
BAWBATOTALNSAHI
Housing Inventory: Median Listing Price per Square Feet in Hawaii
MEDLISPRIPERSQUFEEHI
Residential Carbon Dioxide Emissions, Kerosene for Hawaii
EMISSCO2VKSRCBHIA
Gross Domestic Product: Utilities (22) in Hawaii
HIUTILNGSP
Real Gross Domestic Product: Manufacturing (31-33) in Hawaii
HIMANRQGSP
Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Hawaii (HIRPPSERVERENT), retrieved from FRED.