Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Indiana
INPCEFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,672.90
Year-over-Year Change
71.66%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on food and beverages purchased for off-premises consumption in Indiana. It provides insight into consumer spending patterns and household budgets.
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: Food and Beverages Purchased for Off-Premises Consumption for Indiana metric tracks consumer spending on grocery items and other food/drink purchased to be consumed at home rather than in restaurants or other establishments.
Methodology
The data is collected through household surveys and retail sales reports by the U.S. Bureau of Economic Analysis.
Historical Context
This indicator is used by economists and policymakers to assess consumer demand, inflation, and the overall health of the Indiana economy.
Key Facts
- Indiana's food/beverage off-premises consumption spending accounts for over 10% of total personal consumption.
- Trend has increased by 25% over the past decade, reflecting rising costs and evolving consumer habits.
- Data is released monthly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on grocery items, non-alcoholic beverages, and other food/drink purchased to be consumed at home rather than in restaurants or other establishments in Indiana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer demand, household budgets, and the overall health of the Indiana economy. It is closely watched by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and retail sales reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess consumer spending patterns, inflation, and the broader economic conditions in Indiana. It informs decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a 1-2 month lag due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Indiana (INPCEFOOD), retrieved from FRED.