Average Price: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200716111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-6.57%
Date Range
2/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of margarine and vegetable oil blends sold as sticks in the Midwest census region of the United States. It provides valuable insights into consumer spending patterns and the cost of a common household staple.
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: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban is a key indicator tracked by economists and policymakers to understand consumer behavior and inflationary pressures in the food sector.
Methodology
The data is collected through regular surveys of retail establishments in the Midwest region.
Historical Context
This trend is used to inform monetary policy decisions and analyze household consumption trends.
Key Facts
- The Midwest region accounts for over 20% of the U.S. population.
- Margarine and vegetable oil blends are widely used in home cooking.
- Prices for these products have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of margarine and vegetable oil blends sold as sticks in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and the cost of a common household staple, which is important for understanding inflationary pressures and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend is used to inform monetary policy decisions and analyze household consumption trends in the Midwest.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into this economic indicator.
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Citation
U.S. Federal Reserve, Average Price: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200716111), retrieved from FRED.