Expenditures: Tobacco Products and Smoking Supplies: All Consumer Units
CXUTOBACCOLB0101M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
370.00
Year-over-Year Change
5.41%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household spending on tobacco products and smoking supplies. It provides insights into consumer behavior and the economic impact of the tobacco industry.
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: Tobacco Products and Smoking Supplies: All Consumer Units' trend reports monthly data on the average expenditures by U.S. consumers on tobacco and related products. This metric is used by economists and policymakers to analyze consumer demand, household budgets, and the broader economic effects of the tobacco industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator is relevant for assessing consumer spending patterns, tobacco tax policies, and public health initiatives.
Key Facts
- Tobacco spending represents about 0.7% of total household expenditures.
- Spending on tobacco products has declined by over 30% since 2000.
- The COVID-19 pandemic led to a temporary spike in tobacco spending in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly household expenditures on tobacco products and smoking supplies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer behavior and the economic impact of the tobacco industry, which is important for policymakers, researchers, and businesses.
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 by economists and policymakers to assess consumer spending patterns, evaluate the impact of tobacco taxes, and inform public health initiatives.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Expenditures: Tobacco Products and Smoking Supplies: All Consumer Units (CXUTOBACCOLB0101M), retrieved from FRED.