BEA News: Real Personal Income for States and Metropolitan Areas, 2007-2011 (Prototype Estimates)

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Today, the U.S. Bureau of Economic Analysis released experimental real, or inflation-adjusted, estimates of personal income for states and metropolitan areas. The inflation-adjustments are based in part on regional price parities (RPPs) that provide a measure of differences in price levels across each state and region relative to the national price level for each of the years, 2007-2011. When RPPs are applied in conjunction with BEA's national Personal Consumption Expenditures (PCE) price index, which measures price changes over time, personal income comparisons can be made across regions and time periods (see Technical Note). These prototype statistics are being released for evaluation and comment by data users.
 

The full text of the release on BEA's Web site can be found at http://www.bea.gov/newsreleases/regional/rpp/rpp_newsrelease.htm

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