Average Price: Coffee, 100%, Ground Roast, 13.1-20 Ounce Can (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200717312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.89
Year-over-Year Change
4.93%
Date Range
1/1/1980 - 1/1/1985
Summary
This economic trend measures the average price of 100% ground roast coffee in 13.1-20 ounce cans in the Midwest Census Region's urban areas. It provides insights into consumer purchasing patterns and the costs faced by households.
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, 13.1-20 Ounce Can (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the average retail price of pre-packaged ground coffee sold in the Midwest region's urban areas. This data point is a key indicator of price changes in a common household staple.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is used by economists, policymakers, and market analysts to monitor consumer purchasing power and inflationary pressures.
Key Facts
- Coffee is a major household expense for many consumers.
- Prices can fluctuate due to commodity market conditions and regional economic factors.
- The Midwest region accounts for a significant portion of U.S. coffee consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of 100% ground roast coffee sold in 13.1-20 ounce cans in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price index is a key indicator of consumer purchasing power and inflationary pressures for a common household staple.
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: Economists, policymakers, and market analysts use this index to monitor consumer spending and overall price changes in the Midwest region.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag time, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Average Price: Coffee, 100%, Ground Roast, 13.1-20 Ounce Can (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200717312), retrieved from FRED.