Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Oregon
ORPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,933.00
Year-over-Year Change
63.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on non-durable goods, specifically food and beverages purchased for off-premises consumption in Oregon. It provides insight into consumer spending patterns and the state's economic health.
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 Oregon tracks household spending on groceries and other food/drink items consumed at home. This metric is a key indicator of consumer demand and can inform policymakers and businesses about broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic sources.
Historical Context
This trend is widely used by economists, analysts, and policymakers to assess Oregon's consumer spending patterns and overall economic performance.
Key Facts
- Oregon's per capita food/beverage spending has increased by 20% over the past decade.
- Food and drink purchases account for over 15% of total household expenditures in Oregon.
- Consumption of non-durable goods like groceries tends to be more stable than durable goods during economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on non-durable goods, specifically food and beverages purchased for off-premises consumption in Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of Oregon's economy, which is crucial information for policymakers, businesses, and economic analysts.
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 other economic sources.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, analysts, and policymakers to assess Oregon's consumer spending patterns and overall economic performance, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more information becomes available.
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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 Oregon (ORPCEPCFOOD), retrieved from FRED.