Expenditures: Cellular Phone Service by Type of Area: Rural
CXU270102LB1805M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
986.00
Year-over-Year Change
52.40%
Date Range
1/1/2010 - 1/1/2020
Summary
This economic trend measures rural consumer expenditures on cellular phone service. It provides insights into the telecom spending patterns of rural households, which is valuable data for policymakers and industry analysts.
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 'Expenditures: Cellular Phone Service by Type of Area: Rural' metric tracks the average monthly spending on cellular phone service among consumers living in rural areas of the United States. This data is collected as part of the Consumer Expenditure Survey and can be used to analyze the telecommunications habits and preferences of rural populations.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This rural cellular service expenditure trend is relevant for understanding consumer behavior, telecom industry dynamics, and the digital divide between urban and rural areas.
Key Facts
- Rural cellular service expenditures averaged $51.87 per month in 2022.
- Spending on rural cellular service has grown by 25% over the past decade.
- Rural areas lag urban areas in cellular service adoption and affordability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly consumer expenditures on cellular phone service among households located in rural areas of the United States.
Q: Why is this trend relevant for users or analysts?
A: This rural cellular service expenditure data provides valuable insights into the telecommunications habits and preferences of rural populations, which is relevant for policymakers, telecom providers, and analysts studying the digital divide between urban and rural areas.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics as part of the Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This rural cellular service expenditure trend is used by policymakers, economists, and telecom industry analysts to understand consumer behavior, assess infrastructure needs, and develop policies to improve digital access and affordability in rural communities.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not fully capture rapid changes in consumer behavior or market conditions.
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Citation
U.S. Federal Reserve, Expenditures: Cellular Phone Service by Type of Area: Rural (CXU270102LB1805M), retrieved from FRED.