Average Price: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
This dataset tracks average price: cheddar cheese, natural (cost per pound/453.6 grams) in the midwest census region - urban over time.
Latest Value
5.67
Year-over-Year Change
11.24%
Date Range
1/1/1984 - 4/1/2025
Summary
This economic trend measures the average price of cheddar cheese in the Midwest Census Region's urban areas. It provides important insights into consumer prices and regional food cost dynamics.
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: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban tracks the typical retail price of a standard unit of cheddar cheese in Midwestern urban markets. This metric is a key indicator of regional food inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments in the Midwest.
Historical Context
Policymakers and analysts use this trend to assess regional cost-of-living and consumer price pressures.
Key Facts
- Cheddar cheese is a staple dairy product in the Midwest.
- Prices can fluctuate based on milk supply, processing costs, and consumer demand.
- Regional food price trends impact household budgets and cost-of-living measures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of cheddar cheese in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional food costs and consumer price dynamics, which are key factors 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 Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess regional cost-of-living and consumer price pressures, which informs decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only covers urban areas in the Midwest Census Region.
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Citation
U.S. Federal Reserve, Average Price: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200710212), retrieved from FRED.