Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Delaware
DEPCEFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,371.80
Year-over-Year Change
65.69%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Delaware trend measures household spending on food and beverages consumed outside of restaurants in the state. It provides insights into consumer demand and inflationary pressures.
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
This series represents the value of food and non-alcoholic beverages purchased by Delaware residents for consumption at home or other locations outside of dining establishments. It is a key component of personal consumption expenditures, a primary measure of economic activity and consumer welfare.
Methodology
The data is collected through surveys of household spending conducted by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess consumer behavior and the state of the Delaware economy.
Key Facts
- Food and beverage spending accounts for over 10% of personal consumption in Delaware.
- This metric has grown by an average of 3% annually over the past decade.
- Fluctuations in the DEPCEFOOD series often precede changes in the state's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The DEPCEFOOD series measures household spending on food and non-alcoholic beverages purchased for consumption outside of restaurants in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and inflationary pressures, making it a useful indicator for policymakers and economists studying the Delaware economy.
Q: How is this data collected or calculated?
A: The data is collected through household spending surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the DEPCEFOOD series to assess consumer behavior and the overall state of the Delaware economy, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The DEPCEFOOD data is released on a monthly basis, with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Delaware (DEPCEFOOD), retrieved from FRED.