Average Price: Coffee, Freeze Dried, Plain, 3.1-9 Ounces (Cost per 16 Ounces/453.6 Grams) in the Midwest Census Region - Urban
APU0200717413 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.48
Year-over-Year Change
-0.69%
Date Range
1/1/1980 - 12/1/1983
Summary
This economic trend measures the average price of freeze-dried, plain coffee in the Midwest region of the United States. It is an important indicator for understanding consumer spending patterns and price dynamics in the coffee 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 Midwest Census Region - Urban trend provides insights into the retail pricing of a common household coffee product. This data is used by economists and policymakers to analyze consumer behavior and inflationary pressures.
Methodology
The data is collected through surveys of urban consumers in the Midwest region.
Historical Context
This trend is relevant for understanding the state of the coffee market and its impact on consumer prices.
Key Facts
- The Midwest region accounts for approximately 20% of the U.S. population.
- Freeze-dried coffee is a popular convenience product for many households.
- Prices for this coffee product have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of freeze-dried, plain coffee in the Midwest region of the United States, based on surveys of urban consumers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and price dynamics in the coffee market, which is useful for economists and policymakers analyzing inflationary pressures and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban consumers in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the state of the coffee market and its impact on consumer prices, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in the release of the latest figures.
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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 Midwest Census Region - Urban (APU0200717413), retrieved from FRED.