Regional Price Parities: Services: Housing: Metropolitan Portion for Mississippi
MSMPRPPSERVERENT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.25
Year-over-Year Change
-7.00%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Housing: Metropolitan Portion for Mississippi measures price differences for housing services across U.S. metropolitan areas, providing insights into the relative cost of living.
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 series represents the relative price level of housing services in Mississippi metropolitan areas compared to the national average. It is used by economists and policymakers to analyze regional variations in the cost of living and make informed decisions about programs and policies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric informs discussions around regional economic development, housing affordability, and cost-of-living adjustments.
Key Facts
- Mississippi metropolitan areas have a lower cost of housing services compared to the national average.
- Regional price parities are used to adjust income for geographic differences in purchasing power.
- The data is published annually by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of housing services in Mississippi metropolitan areas compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional variations in the cost of living, which is important for economic and policy 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: This trend informs discussions around regional economic development, housing affordability, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published annually, with a lag of several months.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Housing: Metropolitan Portion for Mississippi (MSMPRPPSERVERENT), retrieved from FRED.