Average Price: Margarine, Soft, Tubs (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200716116 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.77
Year-over-Year Change
-11.32%
Date Range
1/1/1984 - 9/1/2013
Summary
This economic trend measures the average price of margarine in soft tubs, per pound, in the Midwest Census Region's urban areas. It provides insight into consumer prices and can inform economic policy and market analysis.
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: Margarine, Soft, Tubs (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the typical retail price of this household commodity. It is used by economists, policymakers, and market analysts to assess consumer spending patterns and inflationary pressures.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is relevant for understanding consumer purchasing power and the overall cost of living in the Midwest region.
Key Facts
- Margarine is a common household substitute for butter.
- The Midwest region includes 12 states in the central U.S.
- Prices are reported per pound, or 453.6 grams.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of margarine sold in soft tubs, per pound, in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into consumer spending patterns and inflationary pressures within the Midwest region, which is useful for economic policymaking and market analysis.
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: Policymakers and economists use this price trend to assess changes in the cost of living and consumer purchasing power in the Midwest region.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the trend only covers urban areas in the Midwest Census Region.
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Citation
U.S. Federal Reserve, Average Price: Margarine, Soft, Tubs (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200716116), retrieved from FRED.