Average Price: Milk, Fresh, Whole, Fortified, per One-Half Gallon (1.9 Liters) in the West Census Region - Urban
APU0400709111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
2.33%
Date Range
1/1/1980 - 12/1/1997
Summary
This economic trend measures the average price of fresh, whole, fortified milk in the West Census Region of the U.S. It is an important indicator of consumer prices and food costs in the region.
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: Milk, Fresh, Whole, Fortified, per One-Half Gallon (1.9 Liters) in the West Census Region - Urban measures the average retail price of a half-gallon of fresh, whole, fortified milk sold in urban areas of the West Census Region. This metric is used to track changes in consumer food prices and the cost of living in the region.
Methodology
The data is collected through surveys of retailers in the West Census Region.
Historical Context
This price trend is closely watched by policymakers, economists, and market analysts to understand regional consumer price dynamics.
Key Facts
- The average price has risen by 15% over the past 5 years.
- Milk prices account for a significant portion of household food budgets.
- The West Census Region includes 13 states, from Montana to California.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of a half-gallon of fresh, whole, fortified milk sold in urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price metric is an important indicator of consumer food costs and the cost of living in the West Census Region, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the West Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this milk price trend to understand regional consumer price dynamics and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Milk, Fresh, Whole, Fortified, per One-Half Gallon (1.9 Liters) in the West Census Region - Urban (APU0400709111), retrieved from FRED.