Expenditures: Fruits and Vegetables by Region: Residence in the West Census Region
CXUFRUITVEGLB1105M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,120.00
Year-over-Year Change
35.76%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic indicator tracks household expenditures on fruits and vegetables by consumers residing in the West Census Region of the United States. It provides insights into regional consumption patterns and consumer behavior.
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: Fruits and Vegetables by Region: Residence in the West Census Region metric measures the average monthly spending on fruits and vegetables by households located in the Western states of the United States. This data is used by economists and policymakers to analyze regional variations in food consumption and dietary trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, which samples household spending across various categories.
Historical Context
This trend is relevant for understanding consumer demand, informing agricultural and food policy, and tracking changes in regional purchasing patterns.
Key Facts
- The West Census Region includes 13 states, from Washington to New Mexico.
- Household fruit and vegetable spending accounts for around 5% of total food expenditures.
- Expenditures on fruits and vegetables vary seasonally due to availability and pricing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly household expenditures on fruits and vegetables by consumers residing in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumption patterns and dietary preferences, which is useful for economists, policymakers, and marketers analyzing food demand and consumer behavior.
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 household spending across various categories.
Q: How is this trend used in economic policy?
A: This trend is used to inform agricultural and food policy, as well as to track changes in regional purchasing patterns that can impact supply chains and market dynamics.
Q: Are there update delays or limitations?
A: The data is published with a lag, usually a few months after the reference period, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Expenditures: Fruits and Vegetables by Region: Residence in the West Census Region (CXUFRUITVEGLB1105M), retrieved from FRED.