Average Price: Coffee, Freeze Dried, Plain, 3.1-9 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban
APU0100717413 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.69
Year-over-Year Change
-4.00%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of freeze-dried, plain coffee in the Northeast Census Region's urban areas, providing insights into consumer spending patterns and price dynamics in a key consumer 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: Coffee, Freeze Dried, Plain, 3.1-9 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban trend tracks the average price paid by consumers for this specific coffee product. This data is valuable for analyzing consumer behavior, forecasting demand, and understanding inflationary pressures in the coffee industry.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor price changes and their impact on consumer spending and inflation.
Key Facts
- The Northeast Census Region includes 9 states, including New York and Pennsylvania.
- Freeze-dried coffee accounts for approximately 20% of the U.S. coffee market.
- Prices for this coffee product have increased by 7% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for freeze-dried, plain coffee in 3.1-9 ounce packages in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and price dynamics in the coffee industry, which is important for understanding inflationary pressures and forecasting demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor price changes and their impact on consumer spending and inflation.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 2-3 week delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Freeze Dried, Plain, 3.1-9 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban (APU0100717413), retrieved from FRED.