Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Connecticut
CTPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,080.70
Year-over-Year Change
6.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, in the state of Connecticut. It provides insights into consumer spending patterns and energy demand within 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: Gasoline and Other Energy Goods for Connecticut series tracks the value of consumer spending on gasoline and other energy-related nondurable goods in the state. This metric is used by economists and policymakers to analyze energy consumption, consumer behavior, and the impact of energy prices on the local economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other statistical sources.
Historical Context
This trend is relevant for understanding the state's energy consumption, consumer spending patterns, and the impact of energy prices on the local economy.
Key Facts
- Connecticut's personal consumption expenditures on gasoline and other energy goods reached $X.XX billion in the most recent period.
- Energy goods account for approximately X% of total nondurable goods spending in Connecticut.
- Gasoline and energy expenditures in Connecticut have fluctuated with changes in energy prices over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy-related products, within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and energy demand in Connecticut, which is useful for understanding the state's economic conditions and the impact of energy prices on local consumers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze energy consumption, consumer behavior, and the impact of energy prices on the Connecticut economy, which can inform policy decisions related to energy, taxation, and consumer protection.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Connecticut (CTPCEGAS), retrieved from FRED.