Average Price: Coffee, Freeze Dried, Decaf., All Sizes (Cost per 16 Ounces/453.6 Grams) in the Midwest Census Region - Urban
APU0200717326 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.99
Year-over-Year Change
-0.82%
Date Range
1/1/1984 - 9/1/1984
Summary
This economic trend measures the average price of freeze-dried, decaffeinated coffee in the Midwest region of the United States. It provides valuable insights into consumer prices and trends in the coffee industry.
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, Freeze Dried, Decaf., All Sizes (Cost per 16 Ounces/453.6 Grams) in the Midwest Census Region - Urban series tracks the average retail price of this specific coffee product in urban areas of the Midwest. This data is used by economists and policymakers to analyze consumer spending patterns and inflation.
Methodology
The data is collected through regular price surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding consumer behavior, industry trends, and the overall cost of living in the Midwest region.
Key Facts
- The Midwest region includes 12 states, including Illinois, Indiana, and Ohio.
- Freeze-dried, decaffeinated coffee accounts for a small but significant portion of the overall coffee market.
- Prices for this coffee product have fluctuated over the past decade due to changes in commodity costs and consumer preferences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of freeze-dried, decaffeinated coffee in urban areas of the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns, inflation, and industry trends within the coffee market, which is valuable information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is used by policymakers and analysts to understand consumer behavior, cost of living, and inflationary pressures in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a short delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Freeze Dried, Decaf., All Sizes (Cost per 16 Ounces/453.6 Grams) in the Midwest Census Region - Urban (APU0200717326), retrieved from FRED.