Average Price: Vodka, All Types, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in U.S. City Average
APU0000720222 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.50
Year-over-Year Change
-7.25%
Date Range
7/1/1995 - 4/1/2024
Summary
This economic trend measures the average price of vodka in the U.S. It provides insights into consumer spending patterns and price inflation 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: Vodka, All Types, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in U.S. City Average' series tracks the retail price of vodka across the United States. It is a key indicator for analyzing consumer behavior and inflationary pressures in the alcoholic beverages market.
Methodology
The data is collected through surveys of retailers and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by economists, policymakers, and market analysts to assess consumer demand and pricing dynamics in the spirits industry.
Key Facts
- Vodka is one of the most popular spirit categories in the U.S.
- Prices can vary significantly based on brand, packaging, and location.
- Price changes reflect both supply and demand factors in the spirits market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of vodka products sold in the United States, including all types, sizes, and origins.
Q: Why is this trend relevant for users or analysts?
A: The vodka price trend provides valuable insights into consumer spending patterns and inflationary pressures in the alcoholic beverages market, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess consumer demand, pricing dynamics, and inflationary pressures in the spirits industry, which can inform decisions related to taxation, regulation, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and may not capture all retail outlets or product variations.
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Citation
U.S. Bureau of Labor Statistics, Average Price: Vodka, All Types, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in U.S. City Average (APU0000720222), retrieved from FRED.