Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for North Dakota
NDPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,794.00
Year-over-Year Change
41.09%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on food and beverages purchased for off-premises consumption in North Dakota. It provides insights into consumer spending and demand for non-durable goods.
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: Food and Beverages Purchased for Off-Premises Consumption for North Dakota measures household spending on food and beverages consumed outside of restaurants and other food service establishments. This metric is used to analyze consumer behavior and the state's economic conditions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for policymakers, economists, and market analysts to assess consumer demand and the overall health of North Dakota's economy.
Key Facts
- North Dakota's per capita food and beverage spending has increased by 15% over the past decade.
- This metric accounts for over 10% of total personal consumption expenditures in the state.
- Consumer spending on food and beverages is a key indicator of economic conditions in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on food and beverages purchased for off-premises consumption in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns, which are important indicators of North Dakota's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess consumer behavior and the overall health of North Dakota's economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately two to three months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for North Dakota (NDPCEPCFOOD), retrieved from FRED.