Average Price: Butter, Stick (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200FS1101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-2.67%
Date Range
4/1/2018 - 9/1/2018
Summary
This economic trend measures the average price of butter, sold in sticks, per pound, in the Midwest Census Region's urban areas. It provides valuable insights into consumer prices and regional variations in the cost of a common household commodity.
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: Butter, Stick (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the average retail price of butter sold in stick form within the Midwest's urban areas. This metric is useful for economists and policymakers to monitor changes in the cost of living and consumer purchasing power in a specific geographic region.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region.
Historical Context
Butter price trends are closely watched by economists and policymakers as an indicator of food price inflation and consumer behavior.
Key Facts
- Butter is a common household staple with wide consumer usage.
- Prices can vary significantly by region due to factors like supply chains and consumer demand.
- Butter price trends are an important indicator of overall food inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of butter sold in stick form per pound in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: Butter price trends provide valuable insights into consumer prices, inflation, and regional economic conditions, making this data relevant for economists, policymakers, and market 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: Butter price trends are closely monitored by economists and policymakers as an indicator of food price inflation and consumer purchasing power, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be some delay in the reporting of this data, and the geographic scope is limited to the Midwest Census Region's urban areas.
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Citation
U.S. Federal Reserve, Average Price: Butter, Stick (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200FS1101), retrieved from FRED.