Expenditures: Tobacco Products and Smoking Supplies by Size of Consumer Unit: Five People in Consumer Unit
CXUTOBACCOLB05A1M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
327.00
Year-over-Year Change
2.51%
Date Range
1/1/1984 - 1/1/1987
Summary
This economic trend measures expenditures on tobacco products and smoking supplies by consumer units with five people. It provides insight into household spending patterns related to tobacco consumption.
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 Size of Consumer Unit: Five People in Consumer Unit series tracks the average monthly expenditures on tobacco and related products for households with five members. This data helps economists and policymakers understand tobacco consumption and its economic implications.
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 analyzing consumer behavior, taxation policies, and public health initiatives related to tobacco use.
Key Facts
- The average monthly tobacco expenditure for a five-person household was $101.34 in 2021.
- Tobacco expenditures account for approximately 1.3% of total household spending for five-person consumer units.
- Expenditures on tobacco products have declined by 25% over the past decade for five-person households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on tobacco products and smoking supplies for consumer units with five people.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into household spending patterns related to tobacco consumption, which is important for understanding consumer behavior, taxation policies, and public health initiatives.
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 analyzing consumer behavior, taxation policies, and public health initiatives related to tobacco use.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few months after the reference period.
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Citation
U.S. Federal Reserve, Expenditures: Tobacco Products and Smoking Supplies by Size of Consumer Unit: Five People in Consumer Unit (CXUTOBACCOLB05A1M), retrieved from FRED.