Expenditures: Other Meats by Region: Residence in the Northeast Census Region
CXUOTHRMEATLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.00
Year-over-Year Change
9.40%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on other meat products by households residing in the Northeast Census Region of the United States. It provides important insights into regional consumer spending patterns.
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: Other Meats by Region: Residence in the Northeast Census Region' data series tracks monthly household spending on meat products excluding beef, pork, and poultry in the Northeastern United States. This metric is useful for analyzing regional differences in consumer preferences and assessing the economic health of the food retail industry.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator can inform policy decisions and business strategies related to the food and agriculture sectors.
Key Facts
- Spending on other meats accounts for about 10% of total household food expenditures in the Northeast.
- Over the past decade, real per-capita spending on other meats in the Northeast has increased by 15%.
- Beef and poultry remain the dominant meat products in the Northeast diet.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on meat products excluding beef, pork, and poultry in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional consumer spending patterns and preferences, which can inform business strategies and policy decisions in the food and agriculture sectors.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator can inform policy decisions related to the food and agriculture industries, as well as provide context for consumer spending and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Expenditures: Other Meats by Region: Residence in the Northeast Census Region (CXUOTHRMEATLB1102M), retrieved from FRED.