Regional Price Parities: Services: Other: Nonmetropolitan Portion for Oregon
ORNMPRPPSERVEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.20
Year-over-Year Change
4.85%
Date Range
1/1/2008 - 1/1/2023
Summary
The Regional Price Parities: Services: Other: Nonmetropolitan Portion for Oregon measures regional cost-of-living differences for services in nonmetropolitan areas of Oregon 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 index is a measure of the geographic variation in the prices of goods and services across the United States. It provides insight into the relative purchasing power of consumers in different regions, which is useful for economic and policy analysis.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Regional price data is used to adjust economic indicators like personal income and GDP for geographic differences.
Key Facts
- Oregon's nonmetropolitan service costs were 90.4% of the national average in 2020.
- Regional price parities are published annually by the Bureau of Economic Analysis.
- This data helps adjust economic statistics for geographic cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative cost of services in nonmetropolitan areas of Oregon compared to the national average.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding geographic differences in purchasing power and cost-of-living, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Regional price data is used to adjust economic indicators like personal income and GDP to account for geographic cost-of-living differences.
Q: Are there update delays or limitations?
A: The Regional Price Parities data is published annually with a slight delay, typically around 1 year after the reference period.
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Citation
U.S. Federal Reserve, Regional Price Parities: Services: Other: Nonmetropolitan Portion for Oregon (ORNMPRPPSERVEOTH), retrieved from FRED.