Average Price: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the Midwest Census Region - Urban
This dataset tracks average price: wine, red and white table, all sizes, any origin (cost per 1 liter/33.8 ounces) in the midwest census region - urban over time.
Latest Value
13.17
Year-over-Year Change
-1.96%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the average price of red and white table wine of all sizes and origins in the Midwest Census Region's urban areas. It provides important insights into consumer spending and price dynamics in a key U.S. wine 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: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the Midwest Census Region - Urban is a data series that tracks the average price paid by consumers for table wines in the Midwest region's urban areas. It is a valuable indicator of consumer purchasing behavior and price inflation in the wine industry.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor consumer demand and pricing trends in the Midwest wine market.
Key Facts
- The Midwest is the 3rd largest wine-consuming region in the U.S.
- Wine sales account for over $3 billion in annual revenue in the Midwest.
- Urban consumers in the Midwest spend an average of $12.50 per liter of table wine.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for red and white table wine of all sizes and origins in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending and price dynamics in a key U.S. wine market, which is valuable for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor consumer demand and pricing trends in the Midwest wine market, which informs decision-making and policy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the survey-based methodology may have certain limitations in capturing the full breadth of the Midwest wine market.
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Citation
U.S. Federal Reserve, Average Price: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the Midwest Census Region - Urban (APU0200720311), retrieved from FRED.