Expenditures: Other Food at Home by Hispanic or Latino Origin: Not Hispanic or Latino
CXUOTHRFOODLB1003M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,509.00
Year-over-Year Change
83.01%
Date Range
1/1/1994 - 1/1/2023
Summary
This economic trend measures expenditures on other food at home for non-Hispanic or Latino households. It provides insights into the consumption patterns and household budgets of this demographic group.
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: Other Food at Home by Hispanic or Latino Origin: Not Hispanic or Latino' series tracks spending on food consumed at home but outside of the main grocery categories, such as snacks, condiments, and non-alcoholic beverages. This data is useful for understanding the spending habits and economic conditions of non-Hispanic or Latino households.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for economists, policymakers, and marketers analyzing consumer demand and household budgets.
Key Facts
- Non-Hispanic or Latino households account for over 60% of total U.S. population.
- Spending on 'other food at home' makes up about 10% of total food-at-home budgets.
- This category has seen steady growth in recent years as consumer preferences evolve.
FAQs
Q: What does this economic trend measure?
A: This trend measures expenditures on 'other food at home' for non-Hispanic or Latino households in the United States. This includes spending on items like snacks, condiments, and non-alcoholic beverages consumed outside of main grocery purchases.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the consumption patterns and household budgets of non-Hispanic or Latino consumers, which is a key demographic for many businesses and policymakers to understand.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for economists, marketers, and policymakers analyzing consumer demand, household spending, and demographic trends that impact the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month delay. It may not capture all household expenditures, as the survey sampling has certain limitations.
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Citation
U.S. Federal Reserve, Expenditures: Other Food at Home by Hispanic or Latino Origin: Not Hispanic or Latino (CXUOTHRFOODLB1003M), retrieved from FRED.