Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Indiana
INPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,737.00
Year-over-Year Change
47.15%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on housing and utilities services in Indiana. It provides insights into consumer spending patterns and the cost of living 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
Per capita personal consumption expenditures on housing and utilities services in Indiana reflect the average amount spent by residents on these essential services. This data is used by economists and policymakers to analyze trends in consumer behavior and the affordability of living in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other economic indicators.
Historical Context
This trend is relevant for understanding the impact of housing and utility costs on the overall cost of living and consumer spending in Indiana.
Key Facts
- Indiana's per capita housing and utilities expenditures were $7,897 in 2021.
- This trend has increased by 15% over the past decade.
- Housing and utilities account for over 20% of total personal consumption in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Indiana on housing and utility services, such as rent, mortgage payments, electricity, and natural gas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost of living and consumer spending patterns in Indiana, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the impact of housing and utility costs on the overall cost of living and consumer spending in Indiana, which informs decision-making on economic and social policies.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a delay of several months. There may be limitations in capturing all household expenditures, especially for informal or untracked housing and utility costs.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Indiana (INPCEPCHOUSUTL), retrieved from FRED.