Average Price: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000716111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
1.50%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of margarine and vegetable oil blends sold in stick form per pound in the U.S. It provides insight into consumer costs and trends in a key household staple.
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 U.S. City Average tracks the monthly price of this common grocery item across urban areas. This data point is used by economists and policymakers to monitor changes in food and household costs.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Historical Context
This price trend is relevant for understanding consumer behavior, inflation, and household budgets.
Key Facts
- Margarine and vegetable oil blends are a $2.5 billion industry in the U.S.
- Prices for this product have risen over 30% in the past decade.
- Household expenditures on margarine and oils account for about 1% of the average consumer budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of margarine and vegetable oil blends sold in stick form across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insight into a key household staple and is used to monitor changes in food and consumer costs.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Q: How is this trend used in economic policy?
A: This price trend is relevant for understanding consumer behavior, inflation, and household budgets, and is used by economists and policymakers.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Margarine, Vegetable Oil Blends, Stick (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000716111), retrieved from FRED.