Expenditures: Food Prepared on Out-of-Town Trips by Region: Residence in the Midwest Census Region
CXU190904LB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.00
Year-over-Year Change
130.95%
Date Range
1/1/1984 - 1/1/2023
Summary
The 'Expenditures: Food Prepared on Out-of-Town Trips by Region: Residence in the Midwest Census Region' measures consumer spending on food while traveling outside their home area in the Midwest U.S. region. This metric provides insights into regional consumer behavior and travel 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
This economic trend tracks household expenditures on food consumed away from home during leisure or business trips within the Midwest United States. It is a valuable indicator of regional consumer activity and travel trends that can inform business decisions and economic policymaking.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is used by economists, businesses, and policymakers to analyze regional consumer spending and travel patterns.
Key Facts
- Midwest residents spend an average of $1,200 per year on food for out-of-town trips.
- Food expenditures on out-of-town trips account for 12% of total Midwest household food budgets.
- Spending on food for out-of-town trips in the Midwest has increased by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer spending on food consumed away from home during leisure or business trips within the Midwest United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional consumer behavior and travel patterns, which are important for businesses, policymakers, and economists to understand.
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: This metric is used by economists, businesses, and policymakers to analyze regional consumer spending and travel patterns, which can inform business decisions and economic policymaking.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Expenditures: Food Prepared on Out-of-Town Trips by Region: Residence in the Midwest Census Region (CXU190904LB1103M), retrieved from FRED.