Expenditures: Tobacco Products and Smoking Supplies by Region: Residence in the Midwest Census Region
CXUTOBACCOLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
447.00
Year-over-Year Change
22.80%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on tobacco products and smoking supplies in the Midwest Census Region of the United States. It provides insights into consumer spending patterns and regional differences in this market.
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 Region: Residence in the Midwest Census Region series tracks monthly consumer spending on tobacco-related items for households located in the Midwest region. This data is used by economists and policymakers to analyze regional variations in consumer behavior and the tobacco industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding the tobacco market, consumer demand, and regional economic conditions.
Key Facts
- Tobacco products and smoking supplies account for approximately 1% of total household expenditures in the Midwest.
- Spending on tobacco products has declined over the past decade in the Midwest region.
- The Midwest has the second-highest regional tobacco expenditures after the South.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on tobacco products and smoking supplies for consumers residing in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer behavior and spending patterns in the tobacco industry, which is relevant for economists, policymakers, and market analysts.
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 analyze regional variations in consumer demand and inform policies related to the tobacco industry and public health.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the Consumer Expenditure Survey, with a typical delay of several months between the reference period and public release.
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Citation
U.S. Federal Reserve, Expenditures: Tobacco Products and Smoking Supplies by Region: Residence in the Midwest Census Region (CXUTOBACCOLB1103M), retrieved from FRED.