Expenditures: Food by Race: Asian
CXUFOODTOTLLB0904M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,191.00
Year-over-Year Change
49.34%
Date Range
1/1/2003 - 1/1/2023
Summary
This economic trend measures food expenditures by Asian consumers in the United States. It provides valuable insights into the consumption patterns and spending habits of this demographic.
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 by Race: Asian' series tracks monthly food spending by Asian households in the U.S. This data is used by economists and policymakers to analyze the economic behavior and purchasing power of Asian Americans.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding consumer demand, inflationary pressures, and the economic well-being of Asian American communities.
Key Facts
- Asian households make up 6% of the total U.S. population.
- Food accounts for over 12% of total Asian household expenditures.
- Asian food spending has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly food expenditures by Asian households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the consumer behavior and purchasing power of the Asian American demographic, which is relevant for understanding demand, inflation, and economic conditions.
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 used by economists and policymakers to analyze the economic well-being and consumption patterns of Asian American communities, which can inform decisions related to fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly, 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: Food by Race: Asian (CXUFOODTOTLLB0904M), retrieved from FRED.