Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the Midwest Census Region - Urban
This dataset tracks average price: coffee, instant, plain, 9.1-14 ounces (cost per 16 ounces/453.6 grams) in the midwest census region - urban over time.
Latest Value
6.74
Year-over-Year Change
1.28%
Date Range
1/1/1980 - 10/1/1983
Summary
This economic trend measures the average retail price of instant coffee in the Midwest region of the United States. It is an important indicator of consumer behavior and price trends in the coffee 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, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the Midwest Census Region - Urban series tracks the average price consumers pay for a specific size and type of instant coffee product in urban areas of the Midwest.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by economists, market analysts, and policymakers to understand consumer spending patterns and inflationary pressures in the food and beverage industry.
Key Facts
- The Midwest region accounts for approximately 21% of the U.S. population.
- Instant coffee makes up about 25% of the total U.S. coffee market.
- Coffee prices can be influenced by factors like global supply, currency exchange rates, and consumer preferences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of instant coffee, in a specific size and type, sold 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 is an important indicator of consumer behavior and inflationary pressures in the coffee market, which is closely watched by economists, market analysts, 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 price trend is used by policymakers, central banks, and market analysts to understand consumer spending patterns and inflationary pressures in the food and beverage industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the Midwest Census Region - Urban (APU0200717411), retrieved from FRED.