Average Price: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: cookies, chocolate chip (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
1.89
Year-over-Year Change
-6.87%
Date Range
1/1/1980 - 3/1/1987
Summary
This economic trend tracks the average price per pound of chocolate chip cookies in the Northeast Census Region's urban areas. It provides insights into consumer price dynamics and inflation for this common household item.
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: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series measures the typical retail price of this packaged good. It is used by economists and policymakers to monitor price trends and consumer purchasing power in the region.
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 relevant for understanding consumer behavior, household budgets, and regional inflation patterns.
Key Facts
- Prices are reported per pound (453.6 grams).
- Data covers urban areas in the Northeast Census Region.
- Series began in 1978 and is updated monthly.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price of chocolate chip cookies sold per pound in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: The chocolate chip cookie price is a useful indicator of consumer purchasing power and regional inflation patterns for a common household item.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend is relevant for economists and policymakers analyzing consumer behavior, household budgets, and regional inflation dynamics.
Q: Are there update delays or limitations?
A: The series is updated monthly, with a short lag time between data collection and publication.
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Citation
U.S. Federal Reserve, Average Price: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100702421), retrieved from FRED.