Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Mississippi
MSPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,561.00
Year-over-Year Change
-4.88%
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, for the state of Mississippi. It provides insights into consumer spending patterns and energy consumption in 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
The Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Mississippi series tracks the average per person spending on gasoline and other energy-related nondurable goods by Mississippi residents. This data is used by economists and policymakers to analyze consumer behavior, energy demand, and the economic well-being of the state.
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 energy consumption, consumer spending patterns, and economic conditions in Mississippi.
Key Facts
- Mississippi's per capita spending on gasoline and energy goods was $2,178 in 2021.
- Gasoline and energy goods account for approximately 7% of total personal consumption expenditures in Mississippi.
- Per capita energy spending in Mississippi is typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per person spending on gasoline and other energy-related nondurable goods by residents of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns, energy consumption, and the economic well-being of Mississippi, which is useful for economists and policymakers.
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 is used by economists and policymakers to analyze energy demand, consumer behavior, and economic conditions in Mississippi.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Mississippi (MSPCEPCGAS), retrieved from FRED.