Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arizona
AZPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,003.50
Year-over-Year Change
23.23%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products, for the state of Arizona. It provides insights into consumer spending and energy demand within 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 Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arizona trend represents the total value of consumer purchases of gasoline and other energy-related goods in Arizona. This metric is closely watched by economists and policymakers to gauge energy consumption patterns and the impact of energy prices on household budgets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic indicators.
Historical Context
This trend is used by analysts and policymakers to assess the state of the Arizona economy and make informed decisions about energy policy and economic development.
Key Facts
- Arizona's personal consumption expenditures on gasoline and energy goods were $X.XX billion in the most recent quarter.
- Gasoline and energy goods account for approximately X% of total personal consumption expenditures in Arizona.
- Trends in this metric can indicate changes in household budgets and energy demand within the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products, in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into energy consumption patterns and the impact of energy prices on household budgets within the Arizona economy, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to assess the state of the Arizona economy and make informed decisions about energy policy and economic development.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and there may be delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arizona (AZPCEGAS), retrieved from FRED.