Average Price: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000716141 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.48
Year-over-Year Change
-5.24%
Date Range
1/1/1984 - 12/1/2017
Summary
The 'Average Price: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average' series tracks the average retail price of creamy peanut butter across the United States. This metric is a key indicator of consumer food prices and household purchasing power.
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 economic series measures the average price paid by consumers for creamy peanut butter products of all sizes in the U.S. It is an important component of the Consumer Price Index (CPI) and helps economists and policymakers understand trends in food costs and consumer behavior.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Historical Context
Peanut butter price trends are closely monitored by the Federal Reserve and other agencies to assess inflationary pressures and consumer spending patterns.
Key Facts
- Peanut butter is a popular American food staple.
- Prices vary based on brand, package size, and retail location.
- Peanut butter costs have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average retail price paid by consumers for creamy peanut butter products of all sizes across the United States.
Q: Why is this trend relevant for users or analysts?
A: Peanut butter prices are an important component of the Consumer Price Index (CPI) and provide insight into food costs and consumer purchasing power.
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: Peanut butter price trends are closely monitored by the Federal Reserve and other agencies to assess inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into this important consumer product.
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Citation
U.S. Federal Reserve, Average Price: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000716141), retrieved from FRED.