Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Missouri
MOPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,519.10
Year-over-Year Change
12.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, in the state of Missouri. It provides insights into consumer spending and energy demand within the state's economy.
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 (PCE) index tracks the value of goods and services purchased by consumers in the United States. The 'Nondurable Goods: Gasoline and Other Energy Goods for Missouri' series focuses on a specific component of this broader index, highlighting consumer spending on energy products within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is closely monitored by policymakers and market analysts to assess energy demand, consumer behavior, and broader economic conditions in Missouri.
Key Facts
- Missouri is the 18th most populous state in the U.S.
- Gasoline and other energy goods account for a significant portion of consumer spending in Missouri.
- The trend data is seasonally adjusted to account for typical variations in energy demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products, in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending and energy demand within Missouri's economy, which is valuable for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and market analysts to assess energy demand, consumer behavior, and broader economic conditions in Missouri.
Q: Are there update delays or limitations?
A: The data is subject to regular updates from the source, with typical publication delays of a few months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Missouri (MOPCEGAS), retrieved from FRED.