food freedom day statistics’ explanation 10.7% of their...
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FoodFreedomDayStatistics’ExplanationIn2016,Canadiansareexpectedtohavespent10.7%oftheirdisposableincomeonfood.(Disposableincomepercapitaisexpectedtobeapproximately$32,464,in2016;expendituresonfoodandbeverageswillbeapproximately$3,497)Source:StatisticsCanada,CANSIMTABLE380-0072and380-0067BreakdownoftheCalculation
• Currentprices(x1,000,000),seasonallyadjusted,personalexpendituresonfoodandbeveragesinthe3rdquarterof2016=126,896Source:CANSIMtable380-0067
• Currentprices(x1,000,000),seasonallyadjusted,householddisposableincomeinthe3rdquarterof2016=1,178,012
Source:CANSIMtable380-0072
• Dividef&bexpenditurebyhouseholddisposableincome.• 126,896/1,178,012=0.1077204
• Findoutwhat10.7percentoftheyearis,byday.
365*0.1077204=39
• 39daysintotheyearisFebruary8th.
PercapitaexpendituresanddisposableincomearedeterminedusingapopulationestimateofthethirdquarterfromStatscan(36,286,425).Source:http://www5.statcan.gc.ca/cansim/a26?lang=eng&retrLang=eng&id=0510005&paSer=&pattern=&stByVal=1&p1=1&p2=31&tabMode=dataTable&csid=FoodFreedomDayiscalculatedbytakingCanadians’totalexpenditureonfoodandbeveragesanddividingitbythetotalCanadianhouseholddisposableincometocreateapercentage.CFAthendetermineswhatthispercentageoftheyearis,byday.Canadiansspent10.7%oftheirdisposableincomeonfoodandbeveragesin2016,whichequatesto39days,orFebruary8th.