Expenditures: Other Food at Home by Region: Residence in the Northeast Census Region
CXUOTHRFOODLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,669.00
Year-over-Year Change
97.56%
Date Range
1/1/1984 - 1/1/2023
Summary
The 'Expenditures: Other Food at Home by Region: Residence in the Northeast Census Region' measures consumer spending on food items purchased for consumption at home, excluding major grocery categories, for households located in the U.S. Northeast.
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 regional consumer expenditure metric provides insight into household-level spending patterns for miscellaneous food items like condiments, spices, and non-alcoholic beverages, helping economists analyze regional consumption trends and the drivers of consumer demand.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts use this regional food expenditure data to assess economic conditions and consumer confidence.
Key Facts
- The Northeast region accounts for roughly 18% of total U.S. population.
- Other food at home spending makes up about 5% of total household expenditures.
- Food expenditure data is a leading indicator of consumer demand and economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric measures consumer spending on food items purchased for home consumption, excluding major grocery categories, for households located in the U.S. Northeast region.
Q: Why is this trend relevant for users or analysts?
A: This regional food expenditure data provides valuable insights into household consumption patterns and can help economists and policymakers assess economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this regional food expenditure data to monitor economic conditions and consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Expenditures: Other Food at Home by Region: Residence in the Northeast Census Region (CXUOTHRFOODLB1102M), retrieved from FRED.