Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Arkansas
ARPCEFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,012.80
Year-over-Year Change
71.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods like food and beverages purchased for off-premises consumption in Arkansas. It provides insights into consumer spending patterns and overall economic activity in the state.
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 Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Arkansas (ARPCEFOOD) series tracks consumer spending on non-durable food and beverage items that are consumed outside of restaurants and other food service establishments. This metric is an important indicator of household consumption and can inform analysis of consumer trends and the broader state economy.
Methodology
The data is collected through surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess consumer demand and forecast economic conditions in Arkansas.
Key Facts
- Nondurable goods account for about 40% of total personal consumption expenditures.
- Food and beverage purchases make up the largest component of nondurable goods spending.
- Arkansas's per capita personal consumption expenditures rank in the bottom half of U.S. states.
FAQs
Q: What does this economic trend measure?
A: The ARPCEFOOD series measures personal consumption expenditures on nondurable goods like food and beverages purchased for off-premises consumption in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and the overall health of the Arkansas economy, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess consumer demand and forecast economic conditions in Arkansas.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be short delays in availability due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Arkansas (ARPCEFOOD), retrieved from FRED.