Expenditures: Water and Other Public Services by Region: Residence in the Midwest Census Region
CXUWATERLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
748.00
Year-over-Year Change
84.24%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic indicator measures household expenditures on water and other public services for residents in the Midwest Census Region of the United States. It provides insights into regional variations in essential utility costs.
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: Water and Other Public Services by Region data series tracks the average monthly spending on water, sewerage, and other public utility services for consumers living in the Midwest Census Region. This metric helps economists and policymakers understand regional cost-of-living differences and the budgetary impacts of essential utility expenses.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This regional utility expenditure data informs analyses of household budgets, regional economic conditions, and the impacts of utility price fluctuations.
Key Facts
- The Midwest region includes 12 states, from Ohio to the Dakotas.
- Utility costs can comprise a significant portion of household budgets.
- Regional differences in utility prices reflect variations in infrastructure, regulations, and market conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average monthly household expenditures on water, sewerage, and other public utility services for consumers living in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional utility expenditure data provides important insights into cost-of-living variations and the budgetary impacts of essential utility expenses, which is relevant for economists, policymakers, and consumers.
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 regional utility expenditure data informs analyses of household budgets, regional economic conditions, and the impacts of utility price fluctuations, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the underlying Consumer Expenditure Survey.
Related Trends
New Privately Owned Housing Starts by Number of Units in Building, 5 to 9 Units in the Midwest Census Region
HOUSTOB59UMMWQ
New One Family Houses Sold in Midwest Census Region
HSN1FMW
Expenditures: Other Apparel Products and Services by Region: Residence in the Midwest Census Region
CXUOTHAPPRLLB1103M
Personal Taxes: State and Local Income Taxes by Region: Residence in the Midwest Census Region
CXUSTATETAXLB1103M
Housing Inventory Estimate: Vacant Housing Units Held Off the Market and Vacant for Other Reasons in the Midwest Census Region
EOTHMWQ176N
Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Midwest Census Region
BFDUR4QTOTALNSAMW
Citation
U.S. Federal Reserve, Expenditures: Water and Other Public Services by Region: Residence in the Midwest Census Region (CXUWATERLB1103M), retrieved from FRED.