Average Price: Vodka, Domestic, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the Midwest Census Region - Urban
This dataset tracks average price: vodka, domestic, 375 milliliters-1.75 liters (cost per 25.4 ounces/750 milliliters) in the midwest census region - urban over time.
Latest Value
4.83
Year-over-Year Change
1.32%
Date Range
12/1/1985 - 3/1/1986
Summary
This economic trend measures the average price of domestic vodka in the Midwest Census Region's urban areas, providing insights into consumer spending patterns and price dynamics in the liquor 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: Vodka, Domestic, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the Midwest Census Region - Urban metric tracks the average retail price of domestic vodka products within a specific geographic and volume range, offering a valuable indicator of regional consumer behavior and market conditions.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor consumer spending, assess market competitiveness, and inform pricing strategies.
Key Facts
- The Midwest Census Region includes 12 states, including Illinois, Indiana, and Michigan.
- Domestic vodka makes up a significant portion of the overall liquor market in the Midwest.
- Prices can vary widely based on factors like brand, volume, and retail location.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of domestic vodka products sold in the Midwest Census Region's urban areas, within a specific volume range of 375 milliliters to 1.75 liters.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and price dynamics in the regional liquor market, which is useful for economists, policymakers, and industry stakeholders.
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 trend is used by economists and policymakers to monitor consumer spending, assess market competitiveness, and inform pricing strategies in the liquor industry.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the trend may not capture all retail outlets or product variations within the specified region and volume range.
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Citation
U.S. Federal Reserve, Average Price: Vodka, Domestic, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the Midwest Census Region - Urban (APU0200720221), retrieved from FRED.