Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: coffee, instant, plain, 9.1-14 ounces (cost per 16 ounces/453.6 grams) in the northeast census region - urban over time.
Latest Value
6.81
Year-over-Year Change
-11.35%
Date Range
10/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of instant coffee in the Northeast Census Region's urban areas. It provides insights into consumer spending patterns and inflation within the coffee market.
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: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban trend tracks the typical price paid by consumers for a standardized unit of instant coffee in urban areas of the Northeastern United States.
Methodology
The data is collected through consumer surveys and market research by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to monitor inflation and consumer purchasing behavior in the coffee industry.
Key Facts
- The Northeast region accounts for approximately 18% of the U.S. population.
- Instant coffee makes up around 30% of the total U.S. coffee market.
- Coffee prices are a key component of the Consumer Price Index (CPI)
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for a standardized 16-ounce unit of instant coffee in urban areas of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and inflation within the coffee market, which is an important component of the overall consumer price index.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and market research by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor inflation and consumer purchasing behavior in the coffee industry, which can inform decisions related to monetary policy and consumer protection.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban (APU0100717411), retrieved from FRED.