Regional Price Parities: Goods: Nonmetropolitan Portion for Missouri
MONMPRPPGOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.10
Year-over-Year Change
0.55%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Goods: Nonmetropolitan Portion for Missouri measures the relative price levels for goods in non-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 metric provides insights into the purchasing power and cost of living in rural parts of Missouri, which can inform economic and policy decisions. It is a key input for calculating real personal income and other important economic indicators.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using consumer price surveys and other sources.
Historical Context
This trend is utilized by policymakers, researchers, and businesses to understand regional economic conditions and differences in the cost of living.
Key Facts
- Missouri's non-metro goods prices were 90.8% of the national average in 2020.
- The Regional Price Parity index ranges from 0 to 100, with 100 representing the national average.
- Tracking this metric helps identify regional disparities in purchasing power and standard of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price levels for goods in non-metropolitan areas of Missouri compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the purchasing power and cost of living in rural parts of Missouri, which is important for understanding regional economic conditions and differences.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using consumer price surveys and other sources.
Q: How is this trend used in economic policy?
A: This trend is utilized by policymakers, researchers, and businesses to understand regional economic conditions and differences in the cost of living, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Bureau of Economic Analysis, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Regional Price Parities: Goods: Nonmetropolitan Portion for Missouri (MONMPRPPGOOD), retrieved from FRED.