Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Wisconsin
WIPCEPCGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,946.00
Year-over-Year Change
20.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures per capita personal consumption expenditures on nondurable goods like gasoline and other energy products in Wisconsin. It provides insights into household energy consumption and spending 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: Gasoline and Other Energy Goods for Wisconsin tracks the average household spending on gasoline and other energy-related nondurable goods within the state. This metric is used by economists and policymakers to analyze energy demand, consumer behavior, and the impact of energy prices on the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic accounts.
Historical Context
This indicator informs energy and consumer policy decisions at the state level.
Key Facts
- Wisconsin's per capita spending on gasoline and energy goods was $2,789 in 2021.
- This metric has fluctuated significantly in response to changes in energy prices.
- Household energy consumption is a major component of overall consumer expenditures in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average per capita personal consumption expenditures on nondurable goods like gasoline and other energy products within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household energy consumption patterns and the impact of energy prices on consumer spending, which is crucial for economic analysis and policy decisions at the state level.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and economic accounts.
Q: How is this trend used in economic policy?
A: This indicator informs energy and consumer policy decisions at the state level, as it reflects household energy consumption and spending patterns.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures as more information becomes available.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Wisconsin (WIPCEPCGAS), retrieved from FRED.