Average Price: Bourbon Whiskey, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in U.S. City Average
This dataset tracks average price: bourbon whiskey, 375 milliliters-1.75 liters (cost per 25.4 ounces/750 milliliters) in u.s. city average over time.
Latest Value
7.42
Year-over-Year Change
2.78%
Date Range
12/1/1985 - 12/1/1986
Summary
This economic trend measures the average price of bourbon whiskey in the U.S. city average, providing insights into consumer spending and market conditions for this popular alcoholic beverage.
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: Bourbon Whiskey, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in U.S. City Average tracks the typical retail price for bourbon whiskey across major U.S. cities. This metric is useful for economists and policymakers to monitor consumer behavior and price trends in the spirits industry.
Methodology
The data is collected through surveys of retail establishments and calculated as an average price per standard 750ml bottle.
Historical Context
This trend is relevant for understanding the overall state of the alcohol and spirits market, as well as consumer demand and spending patterns.
Key Facts
- Bourbon whiskey is a distinctly American spirit.
- The U.S. is the world's largest consumer of bourbon.
- Prices can vary significantly by region and retailer.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bourbon whiskey in the U.S. city average, across bottle sizes ranging from 375 milliliters to 1.75 liters.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for understanding consumer spending patterns and price trends in the spirits industry, which can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as an average price per standard 750ml bottle.
Q: How is this trend used in economic policy?
A: This trend can provide insights into consumer demand, inflation, and overall market conditions, which are relevant for policymakers and economists monitoring the economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and may not capture all regional or specialty pricing variations.
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Citation
U.S. Federal Reserve, Average Price: Bourbon Whiskey, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in U.S. City Average (APU0000720211), retrieved from FRED.