Expenditures: Utilities, Fuels, and Public Services by Region: Residence in the Northeast Census Region
CXUUTILSLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,956.00
Year-over-Year Change
21.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on utilities, fuels, and public services in the Northeast Census Region of the United States. It provides important insights into consumer spending patterns and the impact of energy and utility costs on household budgets.
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: Utilities, Fuels, and Public Services by Region: Residence in the Northeast Census Region data series tracks monthly changes in consumer spending on essential household services like electricity, natural gas, water, and waste disposal in the Northeastern United States. This metric helps economists and policymakers understand regional variations in the cost of living and the impact of utility price fluctuations on household finances.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely monitored by government agencies, utility providers, and economists to assess the affordability of essential services and inform policy decisions.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Utility costs account for a significant portion of household budgets, typically around 7% of total consumer expenditures.
- Expenditures on utilities, fuels, and public services can vary widely across different regions due to factors like climate, infrastructure, and regulatory environments.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on utilities, fuels, and public services in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the cost of living and the impact of utility prices on consumer budgets in the Northeast, which can inform policymaking and business decisions.
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 indicator is closely monitored by government agencies, utility providers, and economists to assess the affordability of essential services and inform policy decisions related to energy, infrastructure, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Labor Statistics, and may have a slight delay compared to real-time consumer spending.
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Expenditures: Other Meats by Region: Residence in the Northeast Census Region
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Expenditures: Alcoholic Beverages by Region: Residence in the Northeast Census Region
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Citation
U.S. Federal Reserve, Expenditures: Utilities, Fuels, and Public Services by Region: Residence in the Northeast Census Region (CXUUTILSLB1102M), retrieved from FRED.