Expenditures: Tobacco Products and Smoking Supplies by Quintiles of Income Before Taxes: Total Complete Income Reporters
CXUTOBACCOLB01A1M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
307.00
Year-over-Year Change
10.43%
Date Range
1/1/1984 - 1/1/2003
Summary
This economic trend measures spending on tobacco products and smoking supplies by income quintile for U.S. households. It provides insights into consumption patterns and how they vary across the income distribution.
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 by Quintiles of Income Before Taxes: Total Complete Income Reporters' series tracks household expenditures on tobacco and related items, broken down by income quintile. This data is useful for understanding consumer behavior and informing policy decisions related to public health, taxation, and spending patterns.
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 policymakers, researchers, and businesses interested in analyzing consumer spending and the impact of income on tobacco consumption.
Key Facts
- Tobacco spending is highest among the lowest income quintile.
- Tobacco spending decreases as household income increases.
- The data is reported on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on tobacco products and smoking supplies, broken down by income quintile in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for understanding consumer behavior, informing public health policies, and analyzing the relationship between income and tobacco consumption.
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: Policymakers and researchers can use this data to assess the impact of income on tobacco consumption and inform decisions related to taxation, public health initiatives, and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical delay of several weeks between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Expenditures: Tobacco Products and Smoking Supplies by Quintiles of Income Before Taxes: Total Complete Income Reporters (CXUTOBACCOLB01A1M), retrieved from FRED.