Regional Price Parities: All Items: Metropolitan Portion for Montana
MTMPRPPALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.40
Year-over-Year Change
-4.90%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: All Items: Metropolitan Portion for Montana measures the relative price levels for all consumer goods and services across different metropolitan areas 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
This trend represents the cost of living in Montana's metropolitan areas compared to the national average. It is used by economists and policymakers to understand regional differences in purchasing power and the affordability of goods and services.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including consumer price indexes and expenditure surveys.
Historical Context
This metric helps inform decisions around regional economic development, cost-of-living adjustments, and programs targeting areas with high or low relative prices.
Key Facts
- Montana's metropolitan areas have a lower cost of living than the national average.
- The regional price parity index for Montana ranges from 0.89 to 0.95.
- Housing and utilities are the largest contributors to Montana's lower cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price levels for all consumer goods and services across different metropolitan areas in Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric helps inform decisions around regional economic development, cost-of-living adjustments, and programs targeting areas with high or low relative prices.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including consumer price indexes and expenditure surveys.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to understand regional differences in purchasing power and the affordability of goods and services, informing decisions around economic development and cost-of-living programs.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually with a 1-year lag, so the latest available information may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Regional Price Parities: All Items: Metropolitan Portion for Montana (MTMPRPPALL), retrieved from FRED.