Expenditures: Food Away from Home by Size of Consumer Unit: Five or More People in Consumer Unit
CXUFOODAWAYLB0507M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,210.00
Year-over-Year Change
55.66%
Date Range
1/1/1988 - 1/1/2023
Summary
This economic trend measures monthly household spending on food consumed away from home for consumer units with five or more people. It provides insights into the dining habits and food consumption patterns of larger households.
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: Food Away from Home by Size of Consumer Unit: Five or More People in Consumer Unit trend is a key economic indicator that tracks the spending behavior of larger households on meals and snacks purchased outside the home. This data is used by economists and policymakers to monitor consumer demand and understand shifts in household budgets.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for analyzing consumer spending trends, household budgets, and the performance of the food service industry.
Key Facts
- Larger households (5+ people) spend more on food away from home on average.
- Food away from home spending has grown over time as a share of total household budgets.
- The COVID-19 pandemic impacted food away from home spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household spending on food consumed away from home for consumer units with five or more people.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the dining habits and food consumption patterns of larger households, which is useful for analyzing consumer spending trends, household budgets, and the performance of the food service industry.
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 trend is relevant for economists and policymakers to monitor consumer demand and understand shifts in household budgets.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Food Away from Home by Size of Consumer Unit: Five or More People in Consumer Unit (CXUFOODAWAYLB0507M), retrieved from FRED.