Average Price: Coffee, Instant, Plain, Regular, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200717327 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.32
Year-over-Year Change
9.53%
Date Range
7/1/1995 - 12/1/1997
Summary
This trend measures the average price of instant, plain, regular coffee in the Midwest Census Region's urban areas. It provides valuable insights into consumer prices and regional purchasing patterns.
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, Instant, Plain, Regular, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the average cost per pound of this specific coffee product. It is a key indicator of consumer behavior and price inflation in the Midwest region.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to gauge regional consumer demand and inflationary pressures.
Key Facts
- Coffee is a major consumer good in the Midwest.
- Instant coffee accounts for a significant share of the region's coffee market.
- Price trends in this category can signal broader changes in regional purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of instant, plain, regular coffee in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer behavior and price inflation in the Midwest region, which is crucial for economists, policymakers, and market analysts.
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 closely monitored to gauge regional consumer demand and inflationary pressures, which informs economic policymaking and market analysis.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, providing timely insights into Midwest coffee prices.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, Regular, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200717327), retrieved from FRED.