Personal Consumption Expenditures: Services: Housing and Utilities for Louisiana
LAPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,836.10
Year-over-Year Change
46.41%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for Louisiana measures household spending on housing and utility services in the state. This metric is a key indicator of consumer demand and living costs.
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 the dollar value of housing and utility services consumed by Louisiana residents as part of their personal expenditures. It is a component of the broader Personal Consumption Expenditures (PCE) index, which is the Federal Reserve's preferred measure of inflation.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers and economists to assess consumer trends and inflationary pressures in Louisiana.
Key Facts
- Louisiana's housing and utility spending represented 26% of total personal consumption in 2021.
- Utility costs in Louisiana are 8% below the national average.
- Housing expenditures account for over 60% of this metric in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This metric measures household spending on housing and utility services in the state of Louisiana as part of personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of consumer demand, living costs, and inflationary pressures in Louisiana, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is used by the Federal Reserve and other policymakers to assess consumer trends and inflationary conditions in Louisiana.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a 2-3 month lag.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for Louisiana (LAPCEHOUSUTL), retrieved from FRED.