Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Connecticut
CTPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,128.00
Year-over-Year Change
6.11%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, for the state of Connecticut. It provides insights into consumer spending patterns and energy consumption at the state level.
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: Nondurable Goods: Gasoline and Other Energy Goods for Connecticut metric tracks the average consumer spending on gasoline and other energy-related nondurable goods per person in the state. This data point is used by economists and policymakers to analyze consumer behavior, energy demand, and the overall economic conditions within Connecticut.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer expenditure surveys and other economic indicators.
Historical Context
This trend is relevant for understanding energy consumption patterns, consumer spending, and the broader economic landscape within the state of Connecticut.
Key Facts
- Connecticut's per capita energy expenditures are above the national average.
- Gasoline and other energy goods account for a significant portion of consumer spending in the state.
- This trend can be used to track changes in energy prices and their impact on household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, for 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 consumption at the state level, which is useful for economists and policymakers analyzing economic conditions and energy demand within Connecticut.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer expenditure surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand energy consumption patterns, consumer spending, and the broader economic landscape within the state of Connecticut, which can inform energy and economic policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in reporting due to the comprehensive nature of the underlying surveys and economic indicators used to calculate this metric.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Connecticut (CTPCEPCGAS), retrieved from FRED.