Average Price: Sugar, White, 33-80 Ounce Package (Cost per Pound/453.6 Grams) in U.S. City Average
This dataset tracks average price: sugar, white, 33-80 ounce package (cost per pound/453.6 grams) in u.s. city average over time.
Latest Value
0.79
Year-over-Year Change
19.07%
Date Range
1/1/1980 - 10/1/2022
Summary
This economic trend measures the average price of white sugar packaged in 33-80 ounce containers in the U.S. It is an important indicator of consumer food prices and household expenditures.
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: Sugar, White, 33-80 Ounce Package trend tracks the cost per pound of white sugar sold in medium-sized retail packages across U.S. urban areas. It is a key metric for monitoring food inflation and household purchasing power.
Methodology
The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Historical Context
This sugar price trend is used by economists, policymakers, and market analysts to assess consumer spending patterns and inflationary pressures.
Key Facts
- White sugar is a widely consumed household commodity.
- Prices are tracked in 33-80 ounce retail packages.
- Data is collected across U.S. urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of white sugar sold in 33-80 ounce retail packages in the U.S.
Q: Why is this trend relevant for users or analysts?
A: The white sugar price is an important indicator of food inflation and consumer purchasing power, which are key concerns for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Q: How is this trend used in economic policy?
A: This sugar price trend is used by economists and policymakers to assess inflationary pressures and changes in household expenditures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Average Price: Sugar, White, 33-80 Ounce Package (APU0000715212), retrieved from FRED.