Regional Price Parities: Services: Other: Metropolitan Portion for Iowa
IAMPRPPSERVEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.11
Year-over-Year Change
-1.58%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the relative price level of services in metropolitan areas of Iowa compared to the national average. It provides insights into the cost of living and regional economic disparities.
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: Services: Other: Metropolitan Portion for Iowa is an index that compares the prices of services in Iowa's metropolitan areas to the national average. This data is used by economists and policymakers to analyze regional cost-of-living differences and inform decisions on topics like wages, taxes, and public assistance programs.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and statistical modeling.
Historical Context
This metric is relevant for understanding the competitiveness and purchasing power of Iowa's regional economy.
Key Facts
- Iowa's metropolitan services prices were 90.1% of the national average in 2020.
- This index has remained relatively stable over the past decade.
- The services price index is lower in Iowa than in many coastal metro areas.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Other: Metropolitan Portion for Iowa measures the relative price level of services in Iowa's metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the cost of living and economic competitiveness of Iowa's regional economy, which is useful for policymakers, businesses, and individuals making decisions about wages, taxes, and relocation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to analyze regional cost-of-living differences and inform decisions on topics like wages, taxes, and public assistance programs.
Q: Are there update delays or limitations?
A: The data is updated annually, with the most recent year available lagging the current year by approximately 18 months.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Other: Metropolitan Portion for Iowa (IAMPRPPSERVEOTH), retrieved from FRED.