Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arizona
AZPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,346.00
Year-over-Year Change
6.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, for the state of Arizona. It provides insights into consumer spending patterns and energy consumption 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 Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arizona metric tracks the average amount spent by Arizona residents on gasoline and other energy-related nondurable goods. This data is used by economists and policymakers to analyze consumer behavior, energy demand, and the impact of energy prices on the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys and other economic indicators.
Historical Context
This trend is relevant for understanding the energy consumption and spending patterns of Arizona consumers, which can inform energy policy, infrastructure planning, and market analysis.
Key Facts
- Arizona's per capita energy expenditures are above the national average.
- Gasoline and energy goods account for a significant portion of Arizona residents' nondurable spending.
- Consumer spending on energy goods is influenced by factors like fuel prices and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent by Arizona residents on gasoline and other energy-related nondurable goods as part of their personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and energy consumption within Arizona, which is useful for economists, policymakers, and market analysts to understand the state's economy and energy landscape.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal consumption expenditure surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend can inform energy policy, infrastructure planning, and market analysis by providing insights into the energy consumption and spending patterns of Arizona consumers.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not capture the most recent changes in consumer spending and energy consumption within Arizona.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arizona (AZPCEPCGAS), retrieved from FRED.