Average Price: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the Northeast Census Region - Urban
This dataset tracks average price: wine, red and white table, all sizes, any origin (cost per 1 liter/33.8 ounces) in the northeast census region - urban over time.
Latest Value
14.70
Year-over-Year Change
-4.44%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the average price of red and white table wine of all sizes and origins in the Northeast Census Region's urban areas. It provides insights into consumer spending and price fluctuations in the regional wine 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: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the Northeast Census Region - Urban trend tracks the average retail price of table wine in the Northeast's urban areas. This data is used by economists and policymakers to analyze consumer behavior and price dynamics in the regional wine industry.
Methodology
The data is collected through surveys of retail outlets in the Northeast Census Region's urban areas.
Historical Context
This trend is relevant for understanding consumer spending patterns and price movements in the regional wine market, which can inform economic policies and business strategies.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Wine is a significant component of household expenditures in the Northeast, accounting for over 10% of total food and beverage spending.
- The average price of table wine in the Northeast's urban areas has increased by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of red and white table wine of all sizes and origins in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending and price fluctuations in the regional wine market, which is important for understanding economic conditions and informing business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior and price dynamics in the regional wine industry, which can inform economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a 1-2 month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Average Price: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the Northeast Census Region - Urban (APU0100720311), retrieved from FRED.