Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Nebraska
NEPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,904.00
Year-over-Year Change
56.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods for food and beverages purchased for off-premises consumption in Nebraska. It provides insights into consumer spending and household purchasing patterns.
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 Nebraska' series tracks household spending on grocery items and other food/drink consumed at home within the state. It is a key indicator of consumer behavior and standards of living.
Methodology
The data is collected through surveys and estimated by the U.S. Bureau of Economic Analysis.
Historical Context
This measure is used by policymakers, economists, and market analysts to understand consumer demand and the state of the local economy.
Key Facts
- Food and beverage purchases account for over 10% of total personal consumption in Nebraska.
- This metric has increased by an average of 3% annually over the past decade.
- Nebraska's per capita food/beverage expenditures are 5% above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures per capita personal consumption expenditures on nondurable goods for food and beverages purchased for off-premises consumption in Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and standards of living within the state, which is valuable information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and estimated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This measure is used by policymakers, economists, and market analysts to understand consumer demand and the state of the local economy in Nebraska.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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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 Nebraska (NEPCEPCFOOD), retrieved from FRED.