Regional Price Parities: Services: Housing: Metropolitan Portion for Missouri
MOMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.46
Year-over-Year Change
-4.41%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Missouri measures the relative cost of housing services in metropolitan areas of Missouri 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 provides insights into the geographic variation in the cost of living within the United States, allowing policymakers and analysts to better understand regional economic conditions and differences in purchasing power.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey and market price information.
Historical Context
This metric is used to adjust income, spending, and other economic indicators for regional price differences.
Key Facts
- Missouri's metropolitan housing costs were 89.8% of the national average in 2021.
- This index has been published annually since 2008.
- The data covers 384 metropolitan and micropolitan statistical areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative cost of housing services in metropolitan areas of Missouri compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into geographic variation in the cost of living, allowing policymakers and analysts to better understand regional economic conditions and differences in purchasing power.
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: This metric is used to adjust income, spending, and other economic indicators for regional price differences.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Missouri (MOMPRPPSERVERENT), retrieved from FRED.