Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Indiana
INPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,033.00
Year-over-Year Change
63.15%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically food and beverages purchased for off-premises consumption in Indiana. It is a key indicator of consumer spending and economic activity.
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 Indiana trend represents household spending on grocery items and other food/drink for home use. It provides insights into consumer behavior and the strength of the state's retail sector.
Methodology
The data is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health of Indiana's consumer economy.
Key Facts
- Indiana's per capita food/beverage consumption has increased by 25% over the past decade.
- Nondurable goods make up over 30% of total personal consumption expenditures in Indiana.
- Indiana ranks 12th among U.S. states for per capita food/beverage spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods, specifically food and beverages purchased for off-premises consumption in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending and economic activity in Indiana, which is crucial for assessing the health of the state's retail sector and making informed business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to monitor the strength of Indiana's consumer economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in reflecting the most recent economic conditions.
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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 Indiana (INPCEPCFOOD), retrieved from FRED.