Average Price: Margarine, Soft, Tubs (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000716116 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.73
Year-over-Year Change
8.00%
Date Range
1/1/1984 - 10/1/2019
Summary
This trend measures the average price of margarine, soft tubs, in the U.S. city average. It provides insights into consumer spending and inflation patterns related to this 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, Soft, Tubs metric tracks the cost per pound/453.6 grams of this common cooking and baking ingredient across U.S. urban areas. It is a key indicator of price changes for this widely used food product.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by economists and policymakers to assess consumer price inflation and household spending dynamics.
Key Facts
- Margarine is a common household fat and cooking ingredient.
- Prices can fluctuate due to commodity, processing, and transportation costs.
- Tracking margarine prices provides insights into broader consumer price trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound/453.6 grams of margarine sold in soft tub containers across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and price inflation for a widely used household product.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this price trend to assess broader consumer inflation and household spending dynamics.
Q: Are there update delays or limitations?
A: The data is published monthly with potential for short delays in release.
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Citation
U.S. Federal Reserve, Average Price: Margarine, Soft, Tubs (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000716116), retrieved from FRED.