Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Alabama
ALPCEFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,581.40
Year-over-Year Change
68.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on food and beverages purchased for off-premises consumption in Alabama. It provides insights into consumer spending patterns and the state's food and beverage industry.
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 Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Alabama (ALPCEFOOD) series tracks consumer spending on food and non-alcoholic beverages that are purchased for consumption outside of food service establishments, such as grocery stores and supermarkets. This metric is a key indicator of Alabama's retail food and beverage market.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and businesses to analyze consumer behavior and the health of Alabama's food and beverage industry.
Key Facts
- Food and beverage purchases account for a significant portion of Alabama's consumer spending.
- Trends in this metric can indicate changes in consumer preferences and purchasing power.
- The data is seasonally adjusted to account for cyclical variations in consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on food and non-alcoholic beverages purchased for off-premises consumption in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the health of Alabama's food and beverage retail industry, which is useful for policymakers, economists, and businesses.
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 businesses use this trend to analyze consumer behavior and the state of Alabama's food and beverage industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in slight delays or changes to the reported figures.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Alabama (ALPCEFOOD), retrieved from FRED.