Average Price: Potato Chips (Cost per 16 Ounces) in the Midwest Census Region - Urban
APU0200718311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.97
Year-over-Year Change
0.44%
Date Range
1/1/1980 - 6/1/2025
Summary
This trend measures the average price of potato chips (16 oz) in the Midwest Census Region's urban areas. It provides valuable insights into consumer food prices and inflation in this key geographic market.
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 Average Price: Potato Chips (Cost per 16 Ounces) in the Midwest Census Region - Urban trend tracks the average retail price of 16-ounce bags of potato chips sold in urban areas of the Midwest. This metric is used by economists and policymakers to monitor food price inflation and consumer purchasing patterns.
Methodology
The data is collected through surveys of retail establishments in the Midwest region.
Historical Context
This price trend offers crucial context for assessing consumer demand and the economic health of the Midwest food market.
Key Facts
- The Midwest accounts for over 20% of the U.S. population.
- Potato chips are a popular snack food in the Midwest.
- Urban consumers make up the majority of the Midwest population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of 16-ounce bags of potato chips sold in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides valuable insights into consumer food prices and inflation in the key Midwest market, which is crucial for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend offers crucial context for assessing consumer demand and the economic health of the Midwest food market, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting and may not capture all retail outlets in the Midwest region.
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Citation
U.S. Federal Reserve, Average Price: Potato Chips (Cost per 16 Ounces) in the Midwest Census Region - Urban (APU0200718311), retrieved from FRED.