Expenditures: Miscellaneous Foods by Region: Residence in the Midwest Census Region
CXUMISCFOODLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,410.00
Year-over-Year Change
91.84%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer expenditures on miscellaneous foods by households residing in the Midwest census region of the United States. It provides insights into regional consumption patterns that are valuable for policymakers and market analysts.
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 by Region: Residence in the Midwest Census Region data series tracks household spending on a variety of food items outside of the major food groups, such as condiments, spices, and non-alcoholic beverages. This metric helps economists and businesses understand regional differences in consumer behavior and preferences.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used to inform policy decisions and business strategies related to the food and consumer goods markets in the Midwest region.
Key Facts
- The Midwest region accounts for over 20% of total U.S. consumer spending.
- Miscellaneous food items make up around 5% of household food budgets in the Midwest.
- Spending on miscellaneous foods has increased by 3% annually in the Midwest over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on miscellaneous food items, such as condiments, spices, and non-alcoholic beverages, by households residing in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional consumption patterns and preferences that can inform business strategies and policy decisions related to the food and consumer goods markets.
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 to inform policy decisions and business strategies related to the food and consumer goods markets in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 3 months, and it may not capture all regional variations in consumer spending.
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Expenditures: Nonalcoholic Beverages by Region: Residence in the Midwest Census Region
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Resident Population in the Midwest Census Region
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Housing Inventory Estimate: Total Housing Units in the Midwest Census Region
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Homeownership Rate in the Midwest Census Region
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Citation
U.S. Federal Reserve, Expenditures: Miscellaneous Foods by Region: Residence in the Midwest Census Region (CXUMISCFOODLB1103M), retrieved from FRED.