Expenditures: Beef by Region: Residence in the Northeast Census Region
CXUBEEFLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318.00
Year-over-Year Change
47.91%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures beef expenditures by households residing in the Northeast Census Region of the United States. It provides insights into regional consumer demand and spending patterns for a key agricultural commodity.
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: Beef by Region: Residence in the Northeast Census Region data series tracks monthly household beef expenditures for individuals living in the Northeastern United States. This data is used by economists and policymakers to analyze regional consumption trends and inform agricultural and trade policies.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is relevant for assessing regional market conditions and consumer preferences that can influence agricultural production, distribution, and trade policies.
Key Facts
- Beef is a major component of household food budgets in the Northeast.
- Monthly beef expenditures in the Northeast have remained relatively stable in recent years.
- Regional consumption patterns can impact nationwide agricultural supply chains.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on beef products for individuals residing in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional consumer demand and spending patterns for a key agricultural commodity, which is useful for informing economic and policy decisions.
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 metric is relevant for assessing regional market conditions and consumer preferences that can influence agricultural production, distribution, and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Expenditures: Beef by Region: Residence in the Northeast Census Region (CXUBEEFLB1102M), retrieved from FRED.