Expenditures: Fresh Vegetables by Region: Residence in the Midwest Census Region
CXUFRESHVEGLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
383.00
Year-over-Year Change
88.67%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures fresh vegetable expenditures by households residing in the Midwest Census Region of the United States. Understanding regional variations in consumer spending is important for policymakers and businesses.
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: Fresh Vegetables by Region: Residence in the Midwest Census Region series tracks monthly data on household spending for fresh vegetables in the Midwest. This provides insights into consumer demand and dietary patterns in a key U.S. geographic region.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and food industry analysts use this data to assess regional consumer behavior and guide decisions.
Key Facts
- Midwest households spend an average of $40 per month on fresh vegetables.
- Fresh vegetable spending in the Midwest is 15% lower than the national average.
- Vegetable consumption varies significantly by season in the Midwest region.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household spending on fresh vegetables by consumers residing in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Understanding regional variations in fresh vegetable expenditures provides insights into consumer demand and dietary patterns that are useful for policymakers, food producers, and retailers.
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: Policymakers and food industry analysts use this data to assess regional consumer behavior and guide decisions related to food production, distribution, and marketing.
Q: Are there update delays or limitations?
A: The data is published monthly, but may have a 1-2 month delay before release.
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Citation
U.S. Federal Reserve, Expenditures: Fresh Vegetables by Region: Residence in the Midwest Census Region (CXUFRESHVEGLB1103M), retrieved from FRED.