Regional Price Parities: Services: Housing for Idaho
IDRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.73
Year-over-Year Change
16.13%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Idaho measures the relative price level of housing services in Idaho 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 used to adjust income and other economic indicators for regional price differences, providing a more accurate picture of purchasing power and standard of living across U.S. states and metro areas.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Historical Context
Policymakers and analysts use this metric to evaluate economic conditions and make informed decisions.
Key Facts
- Idaho's housing services price level is 85% of the national average.
- Prices for housing services in Idaho have risen 2.3% annually on average over the past decade.
- The Regional Price Parities index helps account for geographic differences in the cost of living.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Idaho measures the relative price level of housing services in Idaho compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This index is used to adjust income and other economic indicators for regional price differences, providing a more accurate picture of purchasing power and standard of living across U.S. states and metro areas.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is updated annually, so there may be a delay in the most recent figures.
Related Trends
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Regional Price Parities: All Items: Metropolitan Portion for Idaho
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State Government Tax Collections, Other License Taxes in Idaho
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Commercial Carbon Dioxide Emissions, Distillate Fuel for Idaho
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Idaho (IDRPPSERVERENT), retrieved from FRED.