Regional Price Parities: All Items: Metropolitan Portion for Missouri
MOMPRPPALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.88
Year-over-Year Change
-1.16%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures regional price parities for all items in the metropolitan portion of Missouri. It provides insights into the relative cost of living across different geographic areas within the state, which is important for economic policymakers and researchers.
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: All Items: Metropolitan Portion for Missouri is an index that compares the average price level of all goods and services in the metropolitan areas of Missouri to the national average price level. This helps to understand the relative cost of living in different parts of the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze regional cost-of-living differences and inform economic decisions.
Key Facts
- Missouri's metropolitan price parity was 92.3 in 2020.
- The national average price parity is 100.
- Regional price parities can impact policy decisions on programs like Medicaid and Social Security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price level of all goods and services in the metropolitan areas of Missouri compared to the national average price level.
Q: Why is this trend relevant for users or analysts?
A: Regional price parities provide important insights into the relative cost of living across different geographic areas, which is crucial for economic policymaking and business decisions.
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: Regional price parities are used by economists, policymakers, and businesses to analyze cost-of-living differences and inform decisions on programs like Medicaid and Social Security.
Q: Are there update delays or limitations?
A: The data is updated annually by the Bureau of Economic Analysis, with the most recent year typically available after a 1-2 year delay.
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Citation
U.S. Federal Reserve, Regional Price Parities: All Items: Metropolitan Portion for Missouri (MOMPRPPALL), retrieved from FRED.