Average Price: Milk, Fresh, Low Fat, per One-Half Gallon (1.9 Liters) in the Northeast Census Region - Urban
APU0100709212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.34
Year-over-Year Change
6.43%
Date Range
1/1/1980 - 11/1/1990
Summary
This economic trend measures the average retail price of low-fat milk per half-gallon in the Northeast U.S. urban areas. It provides insight into consumer food prices and inflation.
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: Milk, Fresh, Low Fat, per One-Half Gallon (1.9 Liters) in the Northeast Census Region - Urban series tracks the average price consumers pay for this common household grocery item. This metric is used to monitor changes in the cost of living and assess regional price variations.
Methodology
The data is collected through a monthly survey of retail stores in the Northeast Census region.
Historical Context
This price trend is closely watched by policymakers, economists, and consumers to understand food inflation and household purchasing power.
Key Facts
- Milk is a staple food item in most U.S. households.
- The Northeast region includes 11 states and Washington D.C.
- Urban areas typically have higher living costs than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price consumers pay for low-fat milk in half-gallon containers in urban areas of the Northeast U.S. Census region.
Q: Why is this trend relevant for users or analysts?
A: This milk price metric provides insight into a key component of household food expenditures and helps assess regional cost-of-living differences and food inflation.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of retail stores in the Northeast Census region.
Q: How is this trend used in economic policy?
A: This milk price trend is closely monitored by policymakers, economists, and consumers to understand household purchasing power and the state of food inflation.
Q: Are there update delays or limitations?
A: The data is reported monthly with a short lag, providing timely information on this key consumer price.
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Citation
U.S. Federal Reserve, Average Price: Milk, Fresh, Low Fat, per One-Half Gallon (1.9 Liters) in the Northeast Census Region - Urban (APU0100709212), retrieved from FRED.