Average Price: Milk, Fresh, Skim (Cost per One-Half Gallon/1.9 Liters) in U.S. City Average
APU0000709211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
-2.88%
Date Range
1/1/1980 - 5/1/1986
Summary
This economic trend measures the average price of fresh, skim milk in U.S. cities. It provides valuable insights into consumer price dynamics and the health of the dairy industry.
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, Skim (Cost per One-Half Gallon/1.9 Liters) in U.S. City Average is an important economic indicator that tracks the retail price of a common household staple. It is used by policymakers, analysts, and businesses to monitor inflationary pressures and consumer behavior.
Methodology
The data is collected through surveys of retail establishments across the United States.
Historical Context
This metric is closely watched for its implications on consumer spending, cost of living, and overall economic conditions.
Key Facts
- Milk is a staple food item in most U.S. households.
- Skim milk is a popular low-fat dairy option.
- Prices are tracked at the city average level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh, skim milk sold in half-gallon containers in U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: The milk price trend provides insights into consumer price dynamics and the health of the dairy industry, which are important for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments across the United States.
Q: How is this trend used in economic policy?
A: This metric is closely watched for its implications on consumer spending, cost of living, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is updated regularly and does not have significant delays or limitations.
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Citation
U.S. Federal Reserve, Average Price: Milk, Fresh, Skim (Cost per One-Half Gallon/1.9 Liters) in U.S. City Average (APU0000709211), retrieved from FRED.