Personal Consumption Expenditures: Services: Housing and Utilities for Connecticut
CTPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,813.40
Year-over-Year Change
56.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Personal Consumption Expenditures: Services: Housing and Utilities for Connecticut' metric measures household spending on housing and utility services in the state of Connecticut. This data provides insights into consumer demand and the cost of living in the region.
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
This economic trend represents the total inflation-adjusted expenditures by Connecticut households on housing-related services like rent, electricity, and other utilities. Economists and policymakers use this data to analyze consumer behavior, gauge inflationary pressures, and inform housing and utility policy decisions.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is a key component of the broader personal consumption expenditures (PCE) index, a widely followed indicator of consumer spending and economic growth.
Key Facts
- Connecticut's housing and utility spending accounts for over 30% of total personal consumption expenditures.
- Utility costs have risen by 15% in Connecticut over the past 5 years.
- Housing and utility expenses are the second-largest category of consumer spending in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total inflation-adjusted expenditures by Connecticut households on housing-related services such as rent, electricity, and other utilities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand, cost of living, and inflationary pressures in Connecticut, which is useful for economists, policymakers, and households.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is a key component of the broader personal consumption expenditures (PCE) index, which is used by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Connecticut (CTPCEHOUSUTL), retrieved from FRED.