Average Price: Sugar, White, 33-80 Ounce Package (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
This dataset tracks average price: sugar, white, 33-80 ounce package (cost per pound/453.6 grams) in the midwest census region - urban over time.
Latest Value
0.57
Year-over-Year Change
-11.27%
Date Range
1/1/1980 - 10/1/2014
Summary
This economic trend measures the average retail price of sugar in 33-80 ounce packages in the Midwest region of the United States. It is an important indicator for monitoring consumer prices and inflation.
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: Sugar, White, 33-80 Ounce Package (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the average cost per pound of packaged white sugar sold in urban areas of the Midwest. This data is used by economists and policymakers to assess changes in consumer purchasing power and overall price levels.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend provides insight into consumer behavior and market conditions that can inform economic and monetary policy decisions.
Key Facts
- Sugar prices in the Midwest averaged $0.47 per pound in 2022.
- Prices have risen over 10% compared to 2020 levels.
- This data series dates back to 1980.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of packaged white sugar sold in 33-80 ounce packages in urban areas of the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides important insights into consumer purchasing power and inflationary pressures, which are key factors considered by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This sugar price data is used by the Federal Reserve and other economic institutions to monitor inflation and consumer behavior, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. There may be some limitations in coverage or sampling, as with any survey-based economic indicator.
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Citation
U.S. Federal Reserve, Average Price: Sugar, White, 33-80 Ounce Package (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200715212), retrieved from FRED.