Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii
HIPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,648.00
Year-over-Year Change
62.87%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii measures consumer spending on housing and utility services in the state of Hawaii. This trend 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 household expenditures on housing-related services such as rent, utilities, household operations, and home maintenance in Hawaii. It is a component of the broader Personal Consumption Expenditures metric, which is a widely-used measure of consumer spending in the U.S. economy.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Housing and utility costs are a significant portion of household budgets, so this trend provides insight into consumer finances and overall economic conditions in Hawaii.
Key Facts
- Hawaii has the highest housing costs in the U.S.
- Housing and utilities account for over 40% of household budgets in Hawaii
- This trend has shown steady increases over the past decade
FAQs
Q: What does this economic trend measure?
A: The HIPCEHOUSUTL series measures consumer spending on housing-related services like rent, utilities, and home maintenance in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Housing and utility costs are a significant portion of household budgets, so this trend provides important insights into consumer finances and economic conditions in Hawaii.
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 economists monitor this trend to understand consumer spending patterns and gauge the overall cost of living in Hawaii, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii (HIPCEHOUSUTL), retrieved from FRED.