Personal Consumption Expenditures: Services: Housing and Utilities for Iowa
IAPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,832.80
Year-over-Year Change
53.60%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Iowa measures the spending on housing and utility services by Iowa consumers. This economic indicator provides insights into consumer demand and the state's cost of living.
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 data series represents the expenditures on housing and utility services, such as rent, electricity, and natural gas, by Iowa residents. It is a component of the broader Personal Consumption Expenditures (PCE) metric, which is a key indicator of economic health and consumer activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and economists use this metric to assess inflationary pressures, consumer trends, and the overall economic condition of Iowa.
Key Facts
- Iowa's housing and utility expenditures account for over 20% of total personal consumption.
- This metric has grown steadily over the past decade, reflecting rising costs of living in the state.
- Housing and utility costs are a major driver of inflation in Iowa.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Services: Housing and Utilities for Iowa measures the spending on housing and utility services by consumers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand, inflationary pressures, and the overall cost of living in Iowa, which are crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the economic condition of Iowa, including inflationary pressures and consumer trends, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Iowa (IAPCEHOUSUTL), retrieved from FRED.