Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Minnesota
MNPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,045.50
Year-over-Year Change
1.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, in the state of Minnesota. It provides insight into consumer demand and spending patterns related to energy products.
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 Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Minnesota is a key economic indicator that tracks consumer spending on energy-related products in the state. This metric is widely used by economists, policymakers, and market analysts to assess the health of the state's economy and consumer behavior.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This trend is particularly relevant for understanding the impact of energy prices and policies on Minnesota's consumers and overall economic conditions.
Key Facts
- Minnesota's personal consumption expenditures on gasoline and other energy goods totaled $X billion in the latest period.
- This trend has shown a Y% increase/decrease over the past Z years, reflecting changes in consumer demand and energy prices.
- Gasoline and other energy goods account for approximately A% of total personal consumption expenditures in Minnesota.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products, within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand and spending patterns related to energy products in Minnesota, which is crucial for understanding the state's economic conditions and consumer behavior.
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 surveys and economic models.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the impact of energy prices and policies on Minnesota's consumers and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Minnesota (MNPCEGAS), retrieved from FRED.