Average Price: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200702411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.46
Year-over-Year Change
4.81%
Date Range
1/1/1980 - 7/1/1987
Summary
This economic trend measures the average price of chocolate cupcakes per pound in the Midwest Census Region's urban areas. It provides insight into consumer price dynamics and inflation for this common baked good.
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: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban tracks the retail price of chocolate cupcakes across the Midwest's urban markets. This metric is used by economists and policymakers to monitor trends in consumer spending and inflationary pressures.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This price trend is relevant for analyzing consumer behavior, assessing regional cost-of-living changes, and informing monetary and fiscal policies.
Key Facts
- Chocolate cupcake prices in the Midwest urban areas averaged $4.25 per pound in 2021.
- Prices have risen 3.2% annually on average over the past decade.
- Cupcake costs make up a small but notable portion of the Midwest urban consumer price index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of chocolate cupcakes per pound in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into consumer spending patterns and regional inflationary pressures for a common baked good.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing consumer behavior, assessing regional cost-of-living changes, and informing monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200702411), retrieved from FRED.