Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the South Census Region - Urban
APU0300717411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
-0.09%
Date Range
1/1/1980 - 12/1/1983
Summary
This economic trend measures the average price of instant coffee in the South Census Region of the United States. It provides important data on consumer price dynamics for a widely-consumed household item.
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, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the South Census Region - Urban series tracks the average retail price per 16 ounces of instant coffee purchased in urban areas of the South. This metric is a key indicator of consumer purchasing power and price inflation in the coffee market.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this trend to assess consumer demand and inflationary pressures in the coffee industry.
Key Facts
- The South Census Region includes Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, Washington D.C., and West Virginia.
- Instant coffee accounts for over 50% of total coffee consumption in the United States.
- Prices for instant coffee have remained relatively stable compared to other consumer goods in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per 16 ounces of instant coffee purchased in urban areas of the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer purchasing power and inflationary pressures in the coffee market, which is a widely-consumed household item.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess consumer demand and inflationary pressures in the coffee industry.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into coffee price dynamics.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the South Census Region - Urban (APU0300717411), retrieved from FRED.