Expenditures: Other Food at Home by Region: Residence in the Midwest Census Region
CXUOTHRFOODLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,554.00
Year-over-Year Change
82.30%
Date Range
1/1/1984 - 1/1/2023
Summary
The 'Expenditures: Other Food at Home by Region: Residence in the Midwest Census Region' trend measures household spending on food items consumed at home, excluding major grocery categories, for individuals living in the Midwest U.S. This data is an important indicator of consumer behavior and regional economic conditions.
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
This series tracks consumer expenditures on miscellaneous food items purchased for at-home consumption, such as spices, condiments, and non-alcoholic beverages, specifically for households located in the Midwest census region. It provides insights into regional variations in food purchasing patterns and can be used to analyze shifts in consumer preferences and discretionary spending.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, which gathers detailed information on household spending habits.
Historical Context
Policymakers and market analysts use this data to monitor regional economic trends and household consumption patterns.
Key Facts
- Midwest households spend an average of $59 per month on other food at home.
- Food expenditures account for about 13% of total household budgets in the Midwest.
- This trend has remained relatively stable over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures household spending on miscellaneous food items consumed at home, excluding major grocery categories, for individuals living in the Midwest U.S. census region.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional variations in food purchasing patterns and can be used to analyze shifts in consumer preferences and discretionary spending, which are important indicators of 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: Policymakers and market analysts use this data to monitor regional economic trends and household consumption patterns.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Expenditures: Other Food at Home by Region: Residence in the Midwest Census Region (CXUOTHRFOODLB1103M), retrieved from FRED.