Expenditures: Fruits and Vegetables by Region: Residence in the Midwest Census Region
CXUFRUITVEGLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
924.00
Year-over-Year Change
32.76%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on fruits and vegetables for consumers residing in the Midwest census region of the United States. It provides valuable insights into regional consumption patterns 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: Fruits and Vegetables by Region: Residence in the Midwest Census Region data series tracks monthly household spending on fresh and processed fruits and vegetables for consumers living in the Midwest region. This metric is used by economists and policymakers to analyze regional differences in food consumption and consumer purchasing power.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding regional economic conditions and consumer demand patterns that can inform policy decisions and business strategies.
Key Facts
- Midwest households spend an average of $3,500 annually on fruits and vegetables.
- Fruit and vegetable expenditures account for 5.2% of total household budgets in the Midwest.
- Spending on fruits and vegetables has increased by 8.3% in the Midwest over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on fresh and processed fruits and vegetables for consumers residing in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional consumption patterns and consumer behavior, which can inform economic policy decisions and business strategies.
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 trend is used by economists and policymakers to analyze regional differences in food consumption and consumer purchasing power, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Expenditures: Fruits and Vegetables by Region: Residence in the Midwest Census Region (CXUFRUITVEGLB1103M), retrieved from FRED.