Real personal consumption expenditures: Nondurable goods: Food produced and consumed on farms (chain-type quantity index)
This dataset tracks real personal consumption expenditures: nondurable goods: food produced and consumed on farms (chain-type quantity index) over time.
Latest Value
137.63
Year-over-Year Change
66.78%
Date Range
1/1/1929 - 1/1/2024
Summary
This economic trend measures the quantity of food produced and consumed on farms in the United States, adjusted for inflation. It provides insights into a key component of personal consumption expenditures.
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 Real Personal Consumption Expenditures: Nondurable Goods: Food Produced and Consumed on Farms (Chain-Type Quantity Index) tracks the volume of farm-produced food that is consumed directly by households, rather than being sold commercially. This metric is an important indicator of agricultural self-sufficiency and household consumption patterns.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is used by economists and policymakers to analyze trends in domestic food production and consumption.
Key Facts
- The index is based on 2012 as the base year.
- Household food consumption accounts for a small but meaningful portion of overall personal consumption expenditures.
- The trend provides insights into self-sufficiency and resilience of the domestic food system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quantity of food produced and consumed directly on U.S. farms, adjusted for inflation. It is a component of the broader personal consumption expenditures metric.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the self-sufficiency and resilience of the domestic food system, as well as household consumption patterns related to farm-produced goods.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze trends in domestic food production and consumption, which can inform agricultural, trade, and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be delays in the most recent information. Additionally, the index is subject to periodic revisions by the statistical agency.
Related News
Falling mortgage rates: expert advice for U.S. homebuyers and sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
US Housing Giant Hopes Fed Policies Boost Sagging Profits
Revitalizing S&P 500 Housing with Federal Reserve Policies The primary keyword, "Treasury Yield," has become an increasingly critical focus within the realm of the S&P 500 housing market. Current fluctuations in bond rates, particularly the 10-year bond rate, are causing waves in the already volatile US housing market. This situation is marked by a profit decline experienced by major housing giants, as economic uncertainty steers investor confidence. The Federal Reserve's policies and interest
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
U.S. Mortgage Rates Drop to 11-Month Low Amid Fed Activity
U.S. Mortgage Rates Plummet to 11-Month Low: Understanding the Influence of 10-Year Treasury Yields The recent plummet in U.S. mortgage rates has caught the attention of homeowners and potential buyers. The decline, reaching an 11-month low, is closely linked to the current 10-year Treasury yield, a critical metric in the financial world. As these rates drop, there is a noticeable impact on the housing market and real estate investments. This decline is influenced largely by the Federal Reserve
U.S. Stock Markets Hit Record Highs Amid Nvidia, OpenAI Partnership
Nvidia's OpenAI Partnership Excites U.S. Markets The unprecedented performance of the U.S. stock markets can be largely attributed to Nvidia's exciting partnership with OpenAI. This collaboration is not only setting new records for Nvidia shares but is also invigorating other tech stocks, leading to historic highs in indices like the Dow Jones, S&P 500, and Nasdaq. Record-high stocks signify significant investment opportunities, underscored by revolutionary artificial intelligence innovations.
U.S. stocks hit records; gold surges, bitcoin declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Real personal consumption expenditures: Nondurable goods: Food produced and consumed on farms (chain-type quantity index) (DFFDRA3A086NBEA), retrieved from FRED.