Average Price: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100717311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.59
Year-over-Year Change
15.93%
Date Range
1/1/1980 - 5/1/2006
Summary
This economic trend measures the average price of ground roast coffee per pound in the Northeast Census Region's urban areas. It provides insights into consumer price dynamics for a key household commodity.
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: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban tracks the retail price of a standard unit of ground coffee in the Northeastern United States. This metric is widely used by economists and policymakers to monitor consumer purchasing power and inflationary pressures.
Methodology
This data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in coffee prices can influence household budgets, consumer confidence, and broader measures of inflation that factor into monetary policy decisions.
Key Facts
- Coffee is a major household commodity in the U.S.
- The Northeast region accounts for a significant share of national coffee consumption.
- Prices for ground coffee have shown volatility in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of ground roast coffee in urban areas of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: Coffee prices are an important indicator of consumer purchasing power and broader inflationary pressures, providing insights for economists, policymakers, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in coffee prices can influence measures of consumer inflation that factor into monetary policy decisions by the Federal Reserve and other institutions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Average Price: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100717311), retrieved from FRED.