Average Price: Cola, Nondiet (Cost per 2 Liters/67.6 Ounces) in the Northeast Census Region - Urban
This dataset tracks average price: cola, nondiet (cost per 2 liters/67.6 ounces) in the northeast census region - urban over time.
Latest Value
1.21
Year-over-Year Change
0.58%
Date Range
5/1/2004 - 9/1/2004
Summary
This economic trend measures the average price of non-diet cola in the Northeast Census Region's urban areas. It provides insights into consumer spending patterns and price dynamics for a commonly purchased 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: Cola, Nondiet (Cost per 2 Liters/67.6 Ounces) in the Northeast Census Region - Urban is a key economic indicator tracked by analysts and policymakers. It reflects the changing costs faced by consumers for a widely consumed beverage, offering clues about inflationary pressures and consumer behavior.
Methodology
The data is collected through regular surveys of retail establishments in the Northeast Census Region's urban areas.
Historical Context
This price trend is closely monitored by economists and market analysts to assess household consumption and regional price variations.
Key Facts
- Prices are reported per 2 liters/67.6 ounces of non-diet cola.
- The Northeast Census Region includes 9 states, from Maine to Maryland.
- Urban areas account for the majority of the region's population and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of non-diet cola in the urban areas of the Northeast Census Region. It provides insights into consumer spending and price dynamics for a widely purchased household item.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists and market analysts as it offers clues about inflationary pressures, consumer behavior, and regional price variations for a commonly purchased good.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments in the urban areas of the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This price trend is used by policymakers and analysts to assess household consumption patterns and inflationary pressures within the Northeast Census Region's urban markets.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, with some potential for minor delays in reporting. The survey coverage may not capture every retail outlet, but it provides a reliable indicator of regional price trends.
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Citation
U.S. Federal Reserve, Average Price: Cola, Nondiet (Cost per 2 Liters/67.6 Ounces) in the Northeast Census Region - Urban (APU0100717114), retrieved from FRED.