Regional Price Parities: Services: Other: Metropolitan Portion for Oregon
ORMPRPPSERVEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.20
Year-over-Year Change
4.17%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Other: Metropolitan Portion for Oregon measures geographic differences in the prices of services in metropolitan areas within Oregon. This metric is crucial for analyzing regional cost-of-living variations and informing policymaking.
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
The Regional Price Parities (RPPs) are spatial price indexes that help compare the price levels of goods and services across U.S. states and metropolitan areas. The 'Services: Other' component specifically looks at the prices of non-housing services, providing insights into regional differences in the costs of healthcare, recreation, and other essential expenditures.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
RPPs are used by government agencies, businesses, and economists to understand regional economic disparities and inform policies related to taxes, wages, and program eligibility.
Key Facts
- Oregon's metropolitan services prices are 93.4% of the national average.
- RPPs help adjust income and spending data for geographic price differences.
- The 'Services: Other' component excludes housing to focus on non-shelter costs.
FAQs
Q: What does this economic trend measure?
A: The Regional Price Parities: Services: Other: Metropolitan Portion for Oregon measures the relative prices of non-housing services in metropolitan areas within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing regional cost-of-living variations and informing policymaking related to taxes, wages, and program eligibility.
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: Regional Price Parities are used by government agencies, businesses, and economists to understand regional economic disparities and inform policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the Bureau of Economic Analysis.
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All Employees: Government: Local Government in Oregon
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Number of Identified Exporters to Peru from Oregon
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Real Gross Domestic Product: Transportation and Warehousing (48-49) in Oregon
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Other: Metropolitan Portion for Oregon (ORMPRPPSERVEOTH), retrieved from FRED.