Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Illinois
ILPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,284.00
Year-over-Year Change
15.99%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, for the state of Illinois. It provides insights into consumer spending and energy demand 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: Gasoline and Other Energy Goods for Illinois metric tracks the average amount spent per person in Illinois on gasoline and other energy-related nondurable goods. This data is used by economists and policymakers to analyze consumer behavior, energy consumption patterns, and the overall economic health of the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer spending surveys and other economic indicators.
Historical Context
This trend is closely monitored by government agencies, energy companies, and economic analysts to understand the dynamics of the Illinois energy market and its impact on the state's economy.
Key Facts
- Illinois is the 6th most populous state in the U.S.
- Gasoline and energy goods account for a significant portion of consumer spending in Illinois
- This trend can indicate changes in transportation habits and energy efficiency in the state
FAQs
Q: What does this economic trend measure?
A: This trend measures the average amount spent per person in Illinois on gasoline and other energy-related nondurable goods as part of personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending and energy demand patterns in Illinois, which is valuable information for economists, policymakers, and energy companies operating in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer spending surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, energy companies, and economic analysts to understand the dynamics of the Illinois energy market and its impact on the state's economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, but there may be occasional delays or revisions due to the complex nature of data collection and reporting.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Illinois (ILPCEPCGAS), retrieved from FRED.