Personal Consumption Expenditures: Nondurable Goods for District of Columbia
DCPCENDURG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,563.10
Year-over-Year Change
73.77%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Nondurable Goods for District of Columbia measures household spending on non-durable goods in the Washington, D.C. metropolitan area. This metric is a key indicator of economic activity and consumer demand.
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 series tracks the dollar value of consumer purchases of non-durable goods like food, clothing, and fuel in the District of Columbia. It is a component of the broader personal consumption expenditures (PCE) measure, which is the Federal Reserve's preferred gauge of inflation.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists monitor this indicator to assess consumer spending patterns and inflationary pressures in the D.C. region.
Key Facts
- Nondurable goods account for over 50% of total personal consumption in the D.C. area.
- This metric fell sharply during the COVID-19 pandemic but has since rebounded.
- Tracking nondurable goods is crucial for understanding inflationary trends in the region.
FAQs
Q: What does this economic trend measure?
A: This series measures household spending on non-durable consumer goods, such as food, clothing, and fuel, in the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Nondurable goods spending is a key indicator of consumer demand and economic activity in the D.C. region, making it an important metric for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess consumer spending patterns and inflationary pressures in the D.C. area, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods for District of Columbia (DCPCENDURG), retrieved from FRED.