Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Alabama
ALPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,833.00
Year-over-Year Change
58.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically food and beverages purchased for off-premises consumption in Alabama. It provides insights 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 Alabama (ALPCEPCFOOD) data series tracks the average amount spent by Alabama residents on food and non-alcoholic beverages for home consumption. It is a key indicator of consumer demand and household purchasing power in the state.
Methodology
This data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to assess consumer behavior and the overall state of Alabama's economy.
Key Facts
- Alabama's per capita food and beverage spending has increased by 20% over the past decade.
- Food and beverage purchases account for over 10% of total personal consumption in Alabama.
- Nondurable goods consumption is a leading indicator of economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Alabama on food and non-alcoholic beverages for consumption at home or away from restaurants and other establishments.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and household purchasing power in Alabama, which are key indicators of the state's economic health and performance.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer behavior and make informed decisions about fiscal and monetary policies that could impact Alabama's economy.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a lag of approximately 3 months.
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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 Alabama (ALPCEPCFOOD), retrieved from FRED.