Expenditures: Cereals and Cereal Products by Region: Residence in the Northeast Census Region
CXUCEREALLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318.00
Year-over-Year Change
55.12%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer expenditures on cereal and cereal products by households in the Northeast region of the United States. It provides insights into regional food consumption patterns and household budgets.
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: Cereals and Cereal Products by Region: Residence in the Northeast Census Region metric tracks the average monthly spending on cereal and related products by consumers living in the Northeastern states. This data is useful for analyzing regional variations in consumer behavior and diet preferences.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, which samples households and tracks their spending habits.
Historical Context
This regional consumer spending data informs economic analysis and policy decisions related to the food and agriculture industries.
Key Facts
- The Northeast region accounts for approximately 18% of the U.S. population.
- Cereal products make up around 1.5% of total household expenditures in the Northeast.
- Spending on cereals has remained relatively stable in the Northeast over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly consumer expenditures on cereal and cereal products by households located in the Northeastern states of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional consumer spending data provides insights into food consumption patterns and household budgets, which is useful for economic analysis and policy decisions related to the food and agriculture industries.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, which samples households and tracks their spending habits.
Q: How is this trend used in economic policy?
A: This regional consumer spending data on cereal products informs analysis and decision-making related to the food and agriculture sectors, as well as broader economic trends in the Northeastern United States.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Expenditures: Cereals and Cereal Products by Region: Residence in the Northeast Census Region (CXUCEREALLB1102M), retrieved from FRED.