Average Price: Margarine, Vegetable Oil Blends, Soft, Tubs (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000716113 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
5.10%
Date Range
1/1/1980 - 12/1/1980
Summary
This economic trend measures the average price of margarine, vegetable oil blends, soft, in tubs per pound in the U.S. city average. It is an important indicator of consumer prices and food costs.
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 series tracks the average retail price of margarine, vegetable oil blends, soft, in tubs, sold by U.S. urban consumers. It is a key component of the Consumer Price Index and provides insight into household food expenditures.
Methodology
The data is collected through surveys of retail establishments and households by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by policymakers, economists, and consumers to assess inflationary pressures and the cost of living.
Key Facts
- Margarine prices have declined by 15% over the past decade.
- Vegetable oil blends account for over 30% of household fat and oil consumption.
- Soft tub margarine is the most popular margarine format in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of margarine, vegetable oil blends, sold in soft tub format to U.S. urban consumers.
Q: Why is this trend relevant for users or analysts?
A: This price trend is a key component of the Consumer Price Index and provides insight into household food expenditures and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend is closely monitored by policymakers, economists, and consumers to assess the cost of living and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week delay and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Price: Margarine, Vegetable Oil Blends, Soft, Tubs (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000716113), retrieved from FRED.