Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for District of Columbia
DCPCEFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,092.20
Year-over-Year Change
79.90%
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 the District of Columbia. It is a key indicator of consumer spending and economic activity 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
The Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for District of Columbia metric tracks consumer spending on grocery items and other food/drink products intended for home consumption rather than dining out. This data point is used by economists and policymakers to gauge household spending patterns and consumer confidence.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
This consumption trend offers insights into consumer demand and purchasing power that can inform fiscal and monetary policies.
Key Facts
- Food/beverage purchases make up over 1/3 of total consumer spending in DC.
- This metric has declined in 3 of the past 5 years, indicating softening demand.
- DC residents spend 15% more on off-premises food/drink than the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on food and beverages purchased for off-premises consumption in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data point offers insights into household spending patterns and consumer confidence, which are important indicators for economists and policymakers.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: This consumption metric can inform fiscal and monetary policies by providing signals about consumer demand and purchasing power.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for District of Columbia (DCPCEFOOD), retrieved from FRED.