Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for District of Columbia
DCPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,040.30
Year-over-Year Change
29.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods like gasoline and other energy products in the District of Columbia. It provides insights into consumer demand and spending patterns related to energy and transportation.
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 District of Columbia series tracks household spending on fuel and power products in the nation's capital. This metric is a key indicator of consumer behavior and can inform economic analysis and policymaking.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely watched by economists, policymakers, and energy market analysts to understand consumer demand and the economic impacts of energy prices.
Key Facts
- Spending on gasoline and energy goods accounts for a significant portion of household budgets.
- Energy costs can significantly impact consumer behavior and broader economic conditions.
- Trends in this metric provide insights into the strength of consumer demand and the local economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods like gasoline and other energy products in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and spending patterns related to energy and transportation, which are crucial for understanding economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists, policymakers, and energy market analysts to understand consumer demand and the economic impacts of energy prices.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric may not capture all energy-related spending by households.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for District of Columbia (DCPCEGAS), retrieved from FRED.