Regional Price Parities: Services: Housing for Indiana
INRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.37
Year-over-Year Change
-7.11%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing for Indiana measures the relative cost of housing services in Indiana compared to the national average. It provides insights into the affordability and cost of living in the state.
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: Housing for Indiana is an economic indicator that compares the prices of housing services in Indiana to the national average. It is used to analyze regional cost-of-living differences and can inform policy decisions related to cost-of-living adjustments, housing affordability, and economic development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and businesses to understand regional cost-of-living variations and make informed decisions.
Key Facts
- Indiana's housing services prices are 90.8% of the national average.
- The Regional Price Parity for Indiana has increased by 4.2% since 2008.
- Indiana's housing services are more affordable compared to the U.S. overall.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Housing for Indiana measures the relative cost of housing services in Indiana compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the affordability and cost of living in Indiana, which is useful for policymakers, businesses, and individuals making decisions related to the regional economy.
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 trend is used by policymakers, economists, and businesses to understand regional cost-of-living variations and make informed decisions related to cost-of-living adjustments, housing affordability, and economic development.
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 data.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing for Indiana (INRPPSERVERENT), retrieved from FRED.