Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii
HIPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,600.00
Year-over-Year Change
57.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii measures the average spending on housing and utilities services per person in the state of Hawaii.
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 economic trend provides insight into the cost of living and consumer spending patterns related to essential housing services in Hawaii. It is a key indicator used by economists and policymakers to track changes in the standard of living and cost pressures faced by households.
Methodology
The data is collected through surveys and estimates by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is widely referenced to assess the relative affordability of housing in Hawaii compared to other states and to monitor inflationary pressures.
Key Facts
- Hawaii has the highest housing costs in the U.S.
- Housing and utilities account for over 40% of consumer spending in Hawaii.
- Per capita housing and utilities expenditures in Hawaii are more than double the national average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average per person spending on housing and utility services in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost of living and consumer spending patterns in Hawaii, which is useful for economists, policymakers, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys and estimates by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is widely referenced to assess the relative affordability of housing in Hawaii and to monitor inflationary pressures on consumer budgets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, and it may not capture all housing and utility costs for some households.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii (HIPCEPCHOUSUTL), retrieved from FRED.