Average Price: Coffee, Instant, Plain, Regular, 6.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in U.S. City Average
This dataset tracks average price: coffee, instant, plain, regular, 6.1-14 ounces (cost per 16 ounces/453.6 grams) in u.s. city average over time.
Latest Value
7.84
Year-over-Year Change
-16.39%
Date Range
1/1/1984 - 11/1/1987
Summary
This economic trend measures the average retail price of instant coffee in the U.S. It provides insights into consumer spending and product price dynamics, which are important factors for policymakers and market analysts.
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: Coffee, Instant, Plain, Regular, 6.1-14 Ounces' series tracks the average cost per 16 ounces (453.6 grams) of instant coffee sold in U.S. cities. This data point is widely used to understand consumer behavior and inflationary pressures in the food and beverage sector.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to gauge consumer sentiment and the overall state of the economy.
Key Facts
- The average price of instant coffee was $4.03 per 16 ounces in January 2023.
- Instant coffee prices have increased by 13.2% over the past year.
- The instant coffee market accounts for over 25% of total U.S. coffee sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of instant coffee, regular flavor, sold in 6.1-14 ounce packages in U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for understanding consumer spending habits, inflationary pressures, and broader economic conditions in the food and beverage sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge consumer sentiment and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
Related News
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
U.S. Jobless Claims Spike, Followed By Decline, Layoffs Remain Low
U.S. Jobless Claims Spike and Decline: Insights into Labor Market Trends U.S. jobless claims recently spiked, only to decline soon after, highlighting interesting patterns in the labor market. At the heart of these shifts lies a tale of layoffs and employment dynamics that paint a picture of the U.S. economy's current state. These fluctuations in jobless claims explain broader economic metrics like the unemployment rate and employment rate. This overview offers a window into the complex interpl
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
Similar APU Trends
Average Price: All Ham (Excluding Canned Ham and Luncheon Slices) (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200FD2101
Average Price: All Ham (Excluding Canned Ham and Luncheon Slices) (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100FD2101
Average Price: All Ham (Excluding Canned Ham and Luncheon Slices) (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400FD2101
Average Price: All Ham (Excluding Canned Ham and Luncheon Slices) (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000FD2101
Average Price: All Other Pork (Excluding Canned Ham and Luncheon Slices) (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300FD4101
Average Price: All Other Pork (Excluding Canned Ham and Luncheon Slices) (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000FD4101
Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, Regular, 6.1-14 Ounces (APU0000717324), retrieved from FRED.