Real Households Final Consumption Expenditure for United States
NCPHIRSAXDCUSQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,792,099.00
Year-over-Year Change
11.96%
Date Range
1/1/1970 - 10/1/2023
Summary
Real Households Final Consumption Expenditure (RHFCE) measures the inflation-adjusted spending by U.S. households on goods and services. It is a key indicator of economic health 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
RHFCE represents the purchasing power of U.S. households and is a primary component of GDP. Economists and policymakers use this data to assess consumer spending patterns, gauge the overall strength of the economy, and inform economic policy decisions.
Methodology
RHFCE is calculated by the Bureau of Economic Analysis using data from household surveys and other economic indicators.
Historical Context
Trends in RHFCE provide insight into consumer confidence and can influence Federal Reserve monetary policy decisions.
Key Facts
- RHFCE accounts for over two-thirds of U.S. GDP.
- Consumer spending has increased by 25% over the past decade.
- RHFCE is adjusted for inflation to provide a real measure of household purchasing power.
FAQs
Q: What does this economic trend measure?
A: RHFCE measures the real, inflation-adjusted spending by U.S. households on goods and services.
Q: Why is this trend relevant for users or analysts?
A: RHFCE is a key indicator of consumer demand and the overall health of the U.S. economy, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: RHFCE is calculated by the Bureau of Economic Analysis using data from household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Trends in RHFCE provide insights into consumer confidence that can influence Federal Reserve monetary policy decisions.
Q: Are there update delays or limitations?
A: RHFCE data is typically published on a quarterly basis with a short delay, providing timely information for economic analysis.
Related Trends
M2 for United States
MYAGM2USM052S
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for United States
LRUNTTTTUSQ156S
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for United States
LFAC24TTUSQ647S
Production: Manufacturing: Total Manufacturing for United States
USAPRMNTO01GPSAM
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for United States
USACP020000IXNBM
Hours: Hours Worked: Manufacturing: Weekly for United States
HOHWMN02USM065S
Citation
U.S. Federal Reserve, Real Households Final Consumption Expenditure for United States (NCPHIRSAXDCUSQ), retrieved from FRED.