Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average
APU0000709112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.03
Year-over-Year Change
1.85%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the average retail price of fresh, whole, fortified milk in the U.S. It provides insight into consumer price dynamics and household 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 Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average is a key indicator of price changes for a core consumer good. It is used by economists, policymakers, and analysts to assess inflationary pressures and consumer behavior.
Methodology
The data is collected through surveys of retail establishments across the United States.
Historical Context
Milk prices are relevant for understanding household budgets, food inflation, and consumer purchasing power.
Key Facts
- Milk is a dietary staple for many American households.
- Milk prices are influenced by factors like dairy production, transportation, and processing costs.
- Changes in milk prices can impact overall food inflation and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh, whole, fortified milk in the United States.
Q: Why is this trend relevant for users or analysts?
A: Milk prices are a key indicator of consumer price dynamics and household expenditures, making this trend relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments across the United States.
Q: How is this trend used in economic policy?
A: Milk prices are used to assess inflationary pressures, consumer behavior, and purchasing power, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Federal Reserve's consumer price surveys.
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Citation
U.S. Federal Reserve, Average Price: Milk, Fresh, Whole, Fortified (Cost per Gallon/3.8 Liters) in U.S. City Average (APU0000709112), retrieved from FRED.