Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Idaho
IDPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,813.00
Year-over-Year Change
49.00%
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 Idaho. It provides insights into consumer spending patterns and economic activity within 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
The Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Idaho series tracks the average amount spent per person on these essential household items. This data is used by economists and policymakers to analyze consumer behavior, inflation, and the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household survey information and other economic indicators.
Historical Context
This trend is important for understanding consumer demand, inflation pressures, and the broader economic conditions in Idaho.
Key Facts
- Idaho's per capita food and beverage spending was $5,023 in 2022.
- This trend has increased by 3.2% annually over the past 5 years.
- Food and beverages account for approximately 18% of total personal consumption in Idaho.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, specifically food and beverages purchased for off-premises consumption in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall health of Idaho's economy, which is important for understanding inflation, consumer demand, and economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using household survey information and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior, inflation pressures, and the broader economic conditions in Idaho, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, but the U.S. Bureau of Economic Analysis generally publishes this information on a regular basis.
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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 Idaho (IDPCEPCFOOD), retrieved from FRED.