Implicit Regional Price Deflator: Metropolitan Portion for Nebraska
NEMPIRPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.32
Year-over-Year Change
27.33%
Date Range
1/1/2008 - 1/1/2023
Summary
The Implicit Regional Price Deflator: Metropolitan Portion for Nebraska measures changes in the cost of living for urban residents in the state. It is a key indicator used by economists and policymakers to assess regional economic conditions.
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 economic trend represents the implicit price deflator for the metropolitan portion of Nebraska, adjusting for changes in the cost of goods and services. It provides important insights into the real purchasing power of consumers and the overall cost of living in the state's urban areas.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on consumer expenditure surveys and other economic indicators.
Historical Context
The Implicit Regional Price Deflator helps inform decisions around regional economic development, cost-of-living adjustments, and monetary policy.
Key Facts
- The deflator is based on a comprehensive basket of consumer goods and services.
- It is used to adjust personal income and other economic indicators for regional price differences.
- Nebraska's metropolitan areas make up a significant portion of the state's overall economy.
FAQs
Q: What does this economic trend measure?
A: The Implicit Regional Price Deflator for the metropolitan portion of Nebraska measures changes in the cost of living for urban residents in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into the real purchasing power of consumers and the overall cost of living in Nebraska's urban areas, informing decisions around regional economic development and policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on consumer expenditure surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: The Implicit Regional Price Deflator helps inform decisions around regional economic development, cost-of-living adjustments, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and updates due to changes in underlying data sources.
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Citation
U.S. Federal Reserve, Implicit Regional Price Deflator: Metropolitan Portion for Nebraska (NEMPIRPD), retrieved from FRED.