Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Idaho
IDPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,309.00
Year-over-Year Change
77.35%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Idaho' trend measures the average household spending on housing and utility services in the state of Idaho.
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 indicator tracks Idaho residents' personal consumption of housing and utility services, which is an important component of the state's overall economic activity and standard of living.
Methodology
The data is collected through consumer surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists and policymakers to analyze consumer spending patterns and the cost of living in Idaho.
Key Facts
- Idaho's per capita housing and utility expenditures are below the national average.
- Utility costs make up a significant portion of Idaho's household consumption.
- This trend has shown steady growth over the past decade in Idaho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per-person spending on housing and utility services by Idaho residents.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the cost of living and consumer spending patterns in Idaho, which is valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the affordability of housing and utilities in Idaho, which informs decisions related to cost-of-living adjustments, infrastructure investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Idaho (IDPCEPCHOUSUTL), retrieved from FRED.