Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Indiana
INPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,642.00
Year-over-Year Change
0.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, in the state of Indiana. It provides insights into consumer spending patterns and energy consumption at the state level.
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: Gasoline and Other Energy Goods for Indiana series tracks the average amount spent per person in Indiana on gasoline and other energy-related nondurable goods. This data is used by economists and policymakers to analyze consumer behavior, energy demand, and the impact of energy prices on household budgets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and market data.
Historical Context
This trend is relevant for understanding the economic conditions and energy consumption patterns in Indiana, which can inform energy and environmental policies at the state level.
Key Facts
- Indiana's per capita spending on gasoline and energy goods was $2,134 in 2021.
- This trend has shown a steady increase over the past decade, reflecting rising energy prices.
- Gasoline and energy goods account for a significant portion of Hoosiers' nondurable goods expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Indiana on nondurable goods, specifically gasoline and other energy-related products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and energy consumption at the state level, which is useful for economists, policymakers, and analysts to understand the economic conditions and energy demand in Indiana.
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 surveys and market data.
Q: How is this trend used in economic policy?
A: This trend can inform energy and environmental policies at the state level, as it provides insights into the energy consumption patterns and the impact of energy prices on household budgets in Indiana.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, and there may be some delays in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Indiana (INPCEPCGAS), retrieved from FRED.