Value Added by Industry: Government: State and Local (Chain-Type Price Index)
VAPISL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.65
Year-over-Year Change
9.04%
Date Range
1/1/2005 - 1/1/2025
Summary
The Value Added by Industry: Government: State and Local (Chain-Type Price Index) measures the price changes of goods and services produced by state and local governments in the United States. This trend is a key indicator of inflation within the public sector.
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 tracks the price changes of the goods and services produced by state and local governments, including expenditures on employee compensation, supplies, and capital investment. It is used by economists and policymakers to assess the cost pressures facing government budgets and the overall level of public sector inflation.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
The state and local government price index is an important input for adjusting government spending and revenues for inflation, informing fiscal policy decisions.
Key Facts
- The index has a base year of 2012 = 100.
- State and local governments account for over 10% of U.S. GDP.
- The index has risen by over 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Value Added by Industry: Government: State and Local (Chain-Type Price Index) measures the price changes of goods and services produced by state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation within the public sector, informing economists and policymakers about the cost pressures facing government budgets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: The state and local government price index is an important input for adjusting government spending and revenues for inflation, informing fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Value Added by Industry: Government: State and Local (Chain-Type Price Index) (VAPISL), retrieved from FRED.