Living Standards in St. Louis and the Eighth Federal Reserve District: Let’s Get Real

By Cletus C. Coughlin, Charles S. Gascon, Kevin L. Kliesen in Review. Recently, the Bureau of Economic Analysis (BEA) has developed the Regional Price Parities (RPPs), spatial price indexes that allow for comparison of cost of living differences across various geographic areas. By construction, RPPs compare the average price level for a region with the national average. 

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