Expenditures: Food at Home by Region: Residence in the West Census Region
CXUFOODHOMELB1105M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,592.00
Year-over-Year Change
58.12%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures spending on food consumed at home by households in the West Census Region of the United States. It provides insights into regional consumer behavior 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: Food at Home by Region: Residence in the West Census Region metric tracks monthly changes in the average household expenditures on food consumed at home for individuals living in the Western states. This data helps economists and policymakers understand regional consumption patterns and cost-of-living dynamics.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This regional food expenditure data is used to inform economic policy decisions and analyze consumer trends.
Key Facts
- The West Census Region includes 13 states, from Washington to New Mexico.
- Food at home accounts for about 8% of total household expenditures in the West.
- This metric is seasonally adjusted to account for annual spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly household expenditures on food consumed at home for individuals living in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional food expenditure data provides insights into consumer behavior and cost-of-living dynamics, which are important for economic policymaking and market analysis.
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 regional food expenditure data is used by economists and policymakers to inform economic decisions and analyze consumer trends.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a 1-2 month publication delay.
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Citation
U.S. Federal Reserve, Expenditures: Food at Home by Region: Residence in the West Census Region (CXUFOODHOMELB1105M), retrieved from FRED.