Expenditures: Processed Vegetables by Region: Residence in the Midwest Census Region
CXUPROCVEGLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
206.00
Year-over-Year Change
63.49%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures expenditures on processed vegetables by consumers residing in the Midwest census region of the United States. It provides insights into regional food consumption patterns and supports market analysis and policymaking.
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: Processed Vegetables by Region: Residence in the Midwest Census Region data series tracks consumer spending on processed vegetables within the Midwest region. This metric is valuable for understanding regional variations in food purchasing behavior and informing policy decisions related to agricultural production, food supply chains, and consumer welfare.
Methodology
The data is collected through consumer expenditure surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess regional food consumption patterns and their implications for the broader economy.
Key Facts
- The Midwest region accounts for about 21% of total U.S. population.
- Processed vegetables make up approximately 10% of total food expenditures in the Midwest.
- Consumer spending on processed vegetables in the Midwest has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on processed vegetables by individuals 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 food consumption patterns, which can inform agricultural policy, supply chain management, and market analysis for the processed vegetable industry.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess regional variations in food consumption and support decision-making related to agricultural production, food supply, and consumer welfare.
Q: Are there update delays or limitations?
A: The data is published monthly with a delay of approximately two months, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Expenditures: Processed Vegetables by Region: Residence in the Midwest Census Region (CXUPROCVEGLB1103M), retrieved from FRED.