Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Montana
MTPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,957.00
Year-over-Year Change
62.63%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures per capita personal consumption expenditures on nondurable goods like food and beverages purchased for off-premises consumption in Montana. It provides insights into consumer spending and demand patterns 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: Food and Beverages Purchased for Off-Premises Consumption for Montana measures household spending on groceries, dining out, and other food-related purchases. This metric is used by economists and policymakers to analyze consumer behavior and gauge the overall health of the state's economy.
Methodology
The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This indicator is closely watched by businesses, investors, and government agencies to inform decision-making and policy planning.
Key Facts
- Montana's per capita food and beverage spending was $5,472 in 2021.
- This indicator has shown steady growth over the past decade.
- It accounts for approximately 15% of total personal consumption in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator measures per capita personal consumption expenditures on nondurable goods like food and beverages purchased for off-premises consumption in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and the overall health of Montana's economy, which is crucial information for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by government agencies, businesses, and investors to inform decision-making and policy planning related to the food and beverage industry, consumer spending, and the broader state economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 2-3 months.
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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 Montana (MTPCEPCFOOD), retrieved from FRED.