Average Price: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400716111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.78
Year-over-Year Change
11.70%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of margarine and vegetable oil blends in stick form per pound in the West Census Region's urban areas. It provides insight into consumer prices and purchasing power for this household commodity.
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: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in the West Census Region - Urban measures the typical retail price for this type of cooking fat product. It is used by economists and policymakers to track changes in consumer prices and household spending patterns.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
This price trend is relevant for understanding inflation, consumer behavior, and regional economic conditions.
Key Facts
- Prices are reported in U.S. dollars per pound.
- Data covers the urban areas of the West Census Region.
- Trend has been tracked since 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of margarine and vegetable oil blends sold in stick form per pound in the urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides important insights into consumer spending and inflation, as margarine and vegetable oil blends are common household commodities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the West Census Region.
Q: How is this trend used in economic policy?
A: This price trend is used by economists and policymakers to monitor changes in consumer prices and understand regional economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Average Price: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400716111), retrieved from FRED.