Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Iowa
IAPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,067.00
Year-over-Year Change
58.00%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically food and beverages purchased for off-premises consumption in Iowa. It provides insights into consumer spending patterns and the state's economic health.
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: Food and Beverages Purchased for Off-Premises Consumption for Iowa trend tracks the average amount spent per person on food and drinks consumed outside of restaurants or other establishments in the state. This data is widely used by economists and policymakers to analyze consumer behavior and the overall standard of living.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household survey responses and other economic indicators.
Historical Context
This trend is closely monitored by economists, retailers, and government agencies to inform policy decisions and business strategies.
Key Facts
- The trend has shown steady growth over the past decade.
- Food and beverages account for a significant portion of household budgets in Iowa.
- Changes in this metric can signal shifts in consumer confidence and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Iowa on nondurable goods, specifically food and beverages purchased for consumption outside of establishments like restaurants.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and the overall economic health of Iowa, which is important for businesses, 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 based on household survey responses and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, retailers, and government agencies to inform policy decisions and business strategies related to consumer spending and the food and beverage industry.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Iowa (IAPCEPCFOOD), retrieved from FRED.