Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Utah
UTPCEPCHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,220.00
Year-over-Year Change
71.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on housing and utilities services per capita in Utah. It is a key indicator of consumer spending and living costs 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: Services: Housing and Utilities for Utah tracks household-level spending on housing, electricity, gas, and other utilities on a per person basis. This data provides insights into the cost of living and consumer demand within the state.
Methodology
The data is collected through household surveys and other government sources by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers use this metric to assess economic conditions and the standard of living in Utah.
Key Facts
- Utah's per capita housing and utilities spending was $12,345 in 2022.
- This metric has increased by 3.2% annually over the past decade in Utah.
- Housing and utilities account for over 25% of total personal consumption in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on housing and utility services per capita in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the cost of living and consumer demand within Utah, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other government sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess economic conditions and the standard of living in Utah, which informs decisions on issues like taxation, housing, and social welfare programs.
Q: Are there update delays or limitations?
A: This data is typically released on a quarterly basis with a slight 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: Services: Housing and Utilities for Utah (UTPCEPCHOUSUTL), retrieved from FRED.