Expenditures: Miscellaneous Foods: All Consumer Units
CXUMISCFOODLB0101M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,325.00
Year-over-Year Change
92.03%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures spending on miscellaneous food items by U.S. consumers. It provides insights into household consumption patterns and can inform policy decisions related to food prices and food security.
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: Miscellaneous Foods: All Consumer Units trend tracks the average monthly expenditures on a variety of food items outside of the major food groups, such as spices, condiments, and non-alcoholic beverages. This data is used by economists and policymakers to analyze consumer behavior and the overall health of the food sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for assessing consumer demand, inflation, and the broader performance of the food industry.
Key Facts
- Miscellaneous foods account for about 5% of total food expenditures.
- Spending on miscellaneous foods has remained relatively stable over the past decade.
- Condiments and non-alcoholic beverages make up the largest shares of miscellaneous food spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures by U.S. consumers on miscellaneous food items, such as spices, condiments, and non-alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into household consumption patterns and can inform policy decisions related to food prices and food security.
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 assessing consumer demand, inflation, and the broader performance of the food industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Expenditures: Miscellaneous Foods: All Consumer Units (CXUMISCFOODLB0101M), retrieved from FRED.