Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Utah
UTPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,449.00
Year-over-Year Change
14.73%
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 Utah. It provides insight into consumer demand and spending patterns related to energy products.
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 Utah series tracks the average amount spent per person in Utah on gasoline and other energy-related nondurable goods. This metric is used by economists and policymakers to analyze consumer behavior and the impact of energy prices on household budgets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Historical Context
This trend is relevant for understanding the dynamics of the energy market and consumer spending patterns in Utah, which can inform policy decisions and market analysis.
Key Facts
- Utah's per capita spending on gasoline and energy goods was $2,671 in 2021.
- Nondurable goods account for over 30% of total personal consumption in Utah.
- Energy expenditures make up approximately 5% of Utah's per capita personal consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Utah on nondurable goods, specifically gasoline and other energy-related products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and spending patterns related to energy products in Utah, which is important for understanding the state's economy and energy market dynamics.
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 surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior and the impact of energy prices on household budgets in Utah, which can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a short delay due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Utah (UTPCEPCGAS), retrieved from FRED.