Average Price: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200702421 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.28
Year-over-Year Change
25.40%
Date Range
1/1/1980 - 6/1/2021
Summary
This economic trend tracks the average price of chocolate chip cookies in the Midwest Census Region's urban areas. It provides valuable insights into consumer food price dynamics and inflation indicators for policymakers and analysts.
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: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series measures the average retail price paid by consumers for this common grocery item. It is used to analyze trends in food costs, consumer behavior, and regional price variations.
Methodology
The data is collected through surveys of retail establishments in the Midwest region.
Historical Context
This price index is an important input for evaluating cost-of-living changes and consumer price inflation.
Key Facts
- Chocolate chip cookies are a popular consumer good.
- Prices can vary significantly by region and over time.
- This data series dates back to 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for chocolate chip cookies in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price index provides valuable insights into consumer food costs, regional price variations, and overall inflation trends that are important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest region.
Q: How is this trend used in economic policy?
A: This price index is an important input for evaluating cost-of-living changes and consumer price inflation, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into regional food price dynamics.
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Citation
U.S. Federal Reserve, Average Price: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200702421), retrieved from FRED.