Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Florida
FLPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,191.00
Year-over-Year Change
63.37%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on housing and utilities services for Florida residents. It provides insights into consumer spending patterns and the cost 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
Per Capita Personal Consumption Expenditures (PCPCE) is a measure of the average amount spent by Florida residents on housing and utility services. This metric helps economists and policymakers understand trends in consumer behavior and the overall cost of living in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys and other economic indicators.
Historical Context
This trend is used by economists, businesses, and policymakers to analyze consumer spending, cost of living, and economic conditions in Florida.
Key Facts
- Florida's per capita housing and utility expenditures have risen by 25% over the past decade.
- Housing and utilities account for over 20% of total personal consumption in Florida.
- The state's per capita housing and utility costs are 7% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Florida residents on housing and utility services, providing insights into consumer spending patterns and the cost of living in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer behavior, economic conditions, and the cost of living in Florida, which is valuable information for economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists, businesses, and policymakers to analyze consumer spending, cost of living, and economic conditions in Florida, which can inform decision-making and policy development.
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, so there may be short delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Florida (FLPCEPCHOUSUTL), retrieved from FRED.