Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Arizona
AZPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,961.00
Year-over-Year Change
69.89%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures for housing and utilities services in Arizona. It is a key indicator of consumer spending and standard of living 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 Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Arizona metric tracks the average inflation-adjusted household spending on housing and utility services, such as rent, electricity, and natural gas. This data provides insights into consumer behavior and cost of living in the region.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess economic conditions and consumer trends in Arizona.
Key Facts
- Arizona's per capita housing and utilities spending is higher than the national average.
- Expenditures on housing and utilities account for a significant portion of consumer budgets in the state.
- This metric has shown steady growth over the past decade, reflecting rising costs of living in Arizona.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average per capita personal consumption expenditures on housing and utility services in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into consumer spending patterns and the cost of living in Arizona, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through household surveys and compiles the per capita expenditure figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers rely on this metric to assess the affordability of housing and utilities, which informs decisions on economic development, infrastructure, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Arizona (AZPCEPCHOUSUTL), retrieved from FRED.