Average Price: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000702411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.36
Year-over-Year Change
6.27%
Date Range
1/1/1980 - 12/1/1986
Summary
The Average Price: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in U.S. City Average measures the average retail price paid by consumers for chocolate cupcakes in the United States. This economic indicator provides insight into consumer spending patterns and price inflation within the baked goods 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
This data series tracks the average price per pound paid by consumers for chocolate cupcakes sold in U.S. cities. It is a component of the Consumer Price Index (CPI), a key economic indicator used to measure changes in the purchasing power of the U.S. dollar and overall price inflation.
Methodology
The data is collected through surveys of retail establishments and calculated according to standard Bureau of Labor Statistics methodologies.
Historical Context
Policymakers and market analysts monitor this trend to understand consumer behavior and inflationary pressures in the baked goods industry.
Key Facts
- Chocolate cupcakes account for a portion of the overall CPI.
- Prices can fluctuate due to changes in ingredient costs and consumer demand.
- This data series dates back to the 1980s, providing long-term historical trends.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average retail price paid by consumers for chocolate cupcakes in the United States.
Q: Why is this trend relevant for users or analysts?
A: The cupcake price trend provides insight into consumer spending patterns and inflationary pressures within the baked goods industry, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated according to standard Bureau of Labor Statistics methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to understand consumer behavior and inflationary pressures in the baked goods industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into chocolate cupcake pricing trends.
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Citation
U.S. Federal Reserve, Average Price: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000702411), retrieved from FRED.