Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Virginia
VAPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,389.00
Year-over-Year Change
60.48%
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 Virginia. It provides insights into consumer spending patterns and can inform policymakers and analysts about household consumption behavior.
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 Virginia (VAPCEPCFOOD) series represents the average amount spent per person on food and beverages purchased for consumption outside of dining establishments in the state. This metric is a key indicator of consumer demand and household budgeting decisions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of their personal consumption expenditures surveys.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the health of the consumer sector and broader economic conditions.
Key Facts
- Virginia's per capita food and beverage spending has increased by 25% over the past decade.
- Food and beverages account for approximately 15% of total personal consumption expenditures in Virginia.
- This trend has shown greater volatility during economic downturns, reflecting consumer sensitivity to changes in disposable income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person on food and beverages purchased for consumption outside of dining establishments in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and household budgeting decisions, which are crucial for understanding the health of the consumer sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of their personal consumption expenditures surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess consumer demand and make informed decisions about economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a few months' lag, 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 Virginia (VAPCEPCFOOD), retrieved from FRED.