Average Price: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in the Midwest Census Region - Urban
APU0200717113 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
8.45%
Date Range
1/1/1980 - 2/1/1988
Summary
This economic trend measures the average price of a 72-ounce 6-pack of non-diet cola cans in the Midwest Census Region's urban areas. It provides insights into consumer price dynamics for a common household beverage.
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: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in the Midwest Census Region - Urban series tracks the average retail price paid by consumers for this specific cola product. It is used by economists and policymakers to monitor inflationary pressures and consumer spending patterns.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This price trend is relevant for understanding consumer behavior and the state of the retail market for non-diet carbonated beverages.
Key Facts
- Prices are tracked per 16-ounce serving.
- Data covers the Midwest Census Region's urban areas.
- Trend monitors a common household beverage product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of a 72-ounce 6-pack of non-diet cola cans in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into consumer spending patterns and inflationary pressures for a common household beverage item.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor consumer behavior and the state of the retail market for non-diet carbonated beverages.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential survey limitations of the data source.
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Citation
U.S. Federal Reserve, Average Price: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in the Midwest Census Region - Urban (APU0200717113), retrieved from FRED.