Expenditures: Food at Home by Region: Residence in the Northeast Census Region
CXUFOODHOMELB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,892.00
Year-over-Year Change
68.14%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic indicator measures monthly expenditures on food consumed at home by households located in the Northeast Census Region of the United States. It provides insights into regional consumer spending patterns and inflation.
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: Food at Home by Region: Residence in the Northeast Census Region data series tracks household spending on groceries and other food items purchased for consumption at home in the Northeastern United States. This metric is used by economists and policymakers to analyze regional variations in consumer behavior and the impact of factors like income, prices, and economic conditions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This regional food expenditure trend is relevant for assessing demand-side economic conditions and the potential for inflationary pressures.
Key Facts
- Food at home spending in the Northeast was $4,953 per household in 2021.
- This metric has increased by 7.2% over the past year.
- Grocery prices in the Northeast are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks monthly household expenditures on food consumed at home by residents of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This regional food spending data provides insights into consumer behavior and inflation dynamics, which are important for economic policymaking and market analysis.
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: Policymakers and economists use this regional food expenditure data to assess demand-side economic conditions and the potential for inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
Related Trends
New Privately Owned Housing Completions Median Square Feet of Floor Area for One-Family Units in the Northeast Census Region
COMPSFLAM1FNEQ
Housing Inventory Estimate: Vacant Housing Units for Sale in the Northeast Census Region
ESALENEQ176N
Business Formations Within Four Quarters: Total for All NAICS in Northeast Census Region
BFBF4QTOTALNSANO
Housing Inventory Estimate: Occupied Housing Units in the Northeast Census Region
EOCCNEQ176N
Homeowner Vacancy Rate in the Northeast Census Region
RHVRNEQ156N
Expenditures: Fresh Vegetables by Region: Residence in the Northeast Census Region
CXUFRESHVEGLB1102M
Citation
U.S. Federal Reserve, Expenditures: Food at Home by Region: Residence in the Northeast Census Region (CXUFOODHOMELB1102M), retrieved from FRED.