Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for North Carolina
NCPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,399.00
Year-over-Year Change
-0.57%
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, per capita in North Carolina. It provides insight into household energy spending patterns and consumer behavior 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 (PCPE) measure represents the average amount spent by North Carolina residents on a specific category of nondurable goods and services. The Nondurable Goods: Gasoline and Other Energy Goods component tracks consumer spending on energy-related products.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sources.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess North Carolina's consumer energy demand and the potential impact of energy price fluctuations on household budgets.
Key Facts
- North Carolina's per capita energy spending was $1,902 in 2021.
- Energy goods account for over 5% of total personal consumption in the state.
- Gasoline prices have a significant impact on this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by North Carolina residents on gasoline and other energy-related nondurable goods per person.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household energy consumption patterns and the potential impact of energy price changes on consumer budgets in North Carolina.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sources.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this metric to assess North Carolina's consumer energy demand and the potential impacts of energy price fluctuations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for North Carolina (NCPCEPCGAS), retrieved from FRED.