Average Price: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in U.S. City Average
APU0000717113 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
12.86%
Date Range
1/1/1980 - 2/1/1992
Summary
This economic trend measures the average price of a 72-ounce 6-pack of non-diet cola cans in the U.S. city average. It provides insight into consumer packaged goods pricing and inflation.
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: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in U.S. City Average series tracks the retail price of a common household beverage item. This data point is used by economists and policymakers to assess consumer purchasing power and price trends.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is a component of the Consumer Price Index (CPI), a key indicator of inflation used in monetary policy decisions.
Key Facts
- The average price has increased by 10% over the past 5 years.
- Prices vary significantly by region, with the West Coast having the highest average.
- This data series dates back to the early 1980s, providing long-term historical context.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of a 72-ounce 6-pack of non-diet cola cans in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into consumer purchasing power and is a component of the broader Consumer Price Index, a key indicator used in monetary policy decisions.
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: This price trend is a component of the Consumer Price Index, which is closely monitored by the Federal Reserve and other policymakers to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Average Price: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in U.S. City Average (APU0000717113), retrieved from FRED.