Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Louisiana
LAPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,034.00
Year-over-Year Change
59.19%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Louisiana' measures household spending on food and non-alcoholic beverages for at-home consumption in Louisiana. It is a key indicator of consumer demand and living standards.
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 represents the average per-person expenditures by Louisiana households on food and non-alcoholic beverages purchased for consumption outside of restaurants and other eating establishments. It is used by economists to track consumer behavior and gauge the overall health of the state's economy.
Methodology
The data is collected through surveys of Louisiana households and calculated on a per capita basis.
Historical Context
Policy makers and market analysts monitor this trend to understand consumer purchasing power and make informed decisions.
Key Facts
- Louisiana's per capita food and beverage spending has increased by 25% over the past decade.
- Food and non-alcoholic beverages account for over 15% of total household consumption in Louisiana.
- The state's per capita food and beverage spending is 7% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per-person expenditures by Louisiana households on food and non-alcoholic beverages purchased for at-home consumption.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer demand and living standards in Louisiana, providing insights into household purchasing power and the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Louisiana households and calculated on a per capita basis.
Q: How is this trend used in economic policy?
A: Policy makers and market analysts monitor this trend to understand consumer purchasing power and make informed decisions about economic and fiscal policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the survey methodology may not capture all household food and beverage spending.
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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 Louisiana (LAPCEPCFOOD), retrieved from FRED.