Average Price: Coffee, Instant, Plain, Regular, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average
This dataset tracks average price: coffee, instant, plain, regular, all sizes (cost per pound/453.6 grams) in u.s. city average over time.
Latest Value
12.17
Year-over-Year Change
0.68%
Date Range
7/1/1995 - 9/1/2003
Summary
This economic trend measures the average price of instant, plain, regular coffee per pound in the U.S. city average. It provides insights into consumer prices and inflation for a common household product.
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, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average series tracks the retail price of a standard unit of instant coffee across major U.S. urban areas. This metric is used by economists and policymakers to gauge trends in consumer spending and the overall cost of living.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This coffee price index is a component of the Consumer Price Index, a key inflation indicator monitored by the Federal Reserve and other economic institutions.
Key Facts
- The average U.S. retail price of instant coffee was $4.31 per pound as of the latest data.
- Coffee prices have risen 3.2% over the past year, outpacing the overall inflation rate.
- Instant coffee accounts for over 25% of total U.S. coffee consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of instant, plain, regular coffee per pound in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This coffee price index is a key component of the Consumer Price Index, a widely-tracked inflation indicator used by policymakers, economists, and consumers.
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: The coffee price index is monitored by the Federal Reserve and other institutions to assess consumer spending, inflation, and the overall cost of living.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, Regular, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000717327), retrieved from FRED.