Expenditures: Meats, Poultry, Fish, and Eggs by Region: Residence in the Midwest Census Region
CXUANIMALLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,098.00
Year-over-Year Change
38.81%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on meats, poultry, fish, and eggs in the Midwest census region of the United States. It provides valuable insights into consumer spending patterns in this key geographic area.
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: Meats, Poultry, Fish, and Eggs by Region: Residence in the Midwest Census Region' series tracks consumer spending on these food categories for households located in the Midwest region. This data point is useful for understanding regional consumption trends and informing business and policy decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator is relevant for businesses, policymakers, and analysts studying consumer behavior and regional market dynamics.
Key Facts
- The Midwest census region includes 12 states, including Illinois, Indiana, and Ohio.
- Household spending on meats, poultry, fish, and eggs accounts for a significant portion of total food expenditures.
- This economic indicator is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on meats, poultry, fish, and eggs in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point provides valuable insights into consumer spending patterns in the Midwest region, which is useful for businesses, policymakers, and economists studying regional market dynamics and trends.
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 economic indicator is relevant for businesses, policymakers, and analysts studying consumer behavior and regional market dynamics, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: This economic indicator is published monthly by the U.S. Bureau of Labor Statistics, with potential for some update delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Expenditures: Meats, Poultry, Fish, and Eggs by Region: Residence in the Midwest Census Region (CXUANIMALLB1103M), retrieved from FRED.