Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Louisiana
LAPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,617.00
Year-over-Year Change
46.54%
Date Range
1/1/1997 - 1/1/2023
Summary
The Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Louisiana measures household spending on housing and utilities services in the state. It provides insights into the cost of living and economic conditions.
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 average household expenditures on rent, utilities, and other housing-related services in Louisiana. It is a key component of personal consumption expenditures and can signal changes in consumer demand and inflation.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Historical Context
Policymakers and analysts use this trend to understand broader consumer spending patterns and assess the Louisiana economy.
Key Facts
- Covers about 20% of total personal consumption expenditures in Louisiana.
- Increased by 4.2% year-over-year as of the latest data.
- Highest in the U.S. Southeast region.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks average household spending on housing and utility services in Louisiana, a key component of personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the cost of living and economic conditions in Louisiana, which is useful for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects the data through household surveys and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand broader consumer spending patterns and assess the Louisiana economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a lag, and may not fully capture all housing and utility costs in the state.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Louisiana (LAPCEPCHOUSUTL), retrieved from FRED.