Expenditures: Utilities, Fuels, and Public Services by Region: Residence in the Midwest Census Region
CXUUTILSLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,526.00
Year-over-Year Change
29.83%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures utility, fuel, and public service expenditures by households in the Midwest census region of the United States. It provides insights into regional cost-of-living dynamics and consumer behavior.
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 Midwest Census Region series tracks the average monthly spending on utilities, fuels, and public services for households located in the Midwest region. This data is used by economists and policymakers to analyze regional cost-of-living factors and consumer spending patterns.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator is relevant for understanding regional consumer trends and informing policy decisions that impact household budgets.
Key Facts
- Midwest households spend an average of $344 per month on utilities, fuels, and public services.
- Utility costs make up the largest share of this regional household expenditure category.
- Trends in this data series can signal changes in inflation, consumer confidence, and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures by households in the Midwest census region on utilities, fuels, and public services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional cost-of-living dynamics and consumer spending patterns, which is useful 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 indicator is relevant for understanding regional consumer trends and informing policy decisions that impact household budgets.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delay in publication.
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Citation
U.S. Federal Reserve, Expenditures: Utilities, Fuels, and Public Services by Region: Residence in the Midwest Census Region (CXUUTILSLB1103M), retrieved from FRED.