Personal Consumption Expenditures: Services: Housing and Utilities for North Carolina
NCPCEHOUSUTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96,001.80
Year-over-Year Change
74.33%
Date Range
1/1/1997 - 1/1/2023
Summary
The Personal Consumption Expenditures: Services: Housing and Utilities for North Carolina measures consumer spending on housing and utility services in the state. This metric is closely watched by economists and policymakers to gauge trends in household budgets and consumer demand.
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 portion of personal consumption expenditures in North Carolina that is attributed to housing and utility services, such as rent, electricity, and natural gas. It is a key component of overall consumer spending and an important indicator of economic conditions in the state.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Housing and utility costs are a significant portion of consumer budgets, so this metric provides valuable insight into North Carolina's cost of living and consumer trends.
Key Facts
- North Carolina's housing and utility costs account for over 20% of personal consumption expenditures.
- This metric has shown steady increases over the past decade, reflecting rising housing and utility prices in the state.
- Trends in this data help inform policy decisions related to cost-of-living adjustments and consumer protection.
FAQs
Q: What does this economic trend measure?
A: This metric measures consumer spending on housing and utility services, such as rent, electricity, and natural gas, in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Housing and utility costs are a significant portion of consumer budgets, so this metric provides valuable insight into North Carolina's cost of living and consumer trends.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in this data help inform policy decisions related to cost-of-living adjustments and consumer protection in North Carolina.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal update delays.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Housing and Utilities for North Carolina (NCPCEHOUSUTL), retrieved from FRED.