Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Delaware
DEPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,237.00
Year-over-Year Change
45.85%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on non-durable goods like food and beverages purchased for off-premises consumption in Delaware. It provides insights into consumer spending and demand patterns 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: Food and Beverages Purchased for Off-Premises Consumption for Delaware series tracks household spending on grocery items and other consumable non-durable goods purchased outside of restaurants and dining establishments. This metric is a key indicator of consumer behavior and economic conditions within the state.
Methodology
The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, market analysts, and businesses to understand consumer demand and make informed decisions.
Key Facts
- Delaware's per capita food and beverage spending has increased by 25% over the past decade.
- Consumers in Delaware spend an average of $3,500 per year on off-premises food and drink purchases.
- Food and beverage purchases account for nearly 15% of total personal consumption expenditures in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on non-durable goods like food and beverages purchased for off-premises consumption in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and demand within Delaware, which is crucial for businesses, policymakers, and market analysts to understand economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and other sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess consumer behavior and make informed decisions regarding fiscal and monetary policies, as well as regulatory frameworks.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a slight delay to allow for collection and processing. There may be some limitations in capturing all off-premises food and beverage purchases, but the trend provides a reliable and comprehensive measure of consumer spending in this category.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Delaware (DEPCEPCFOOD), retrieved from FRED.