Average Price: Milk, Fresh, Skim (Cost per One-Half Gallon/1.9 Liters) in the South Census Region - Urban
APU0300709211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
6.86%
Date Range
1/1/1980 - 5/1/1986
Summary
This economic trend measures the average price of fresh, skim milk in the South Census Region's urban areas. It provides insight into a key consumer staple and can indicate broader trends in regional food prices and household spending.
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: Milk, Fresh, Skim (Cost per One-Half Gallon/1.9 Liters) in the South Census Region - Urban is a U.S. economic indicator that tracks the average retail price of this dairy product. It is used to analyze regional variations in food costs and the impact on consumer budgets.
Methodology
The data is collected through surveys of retail establishments in the South Census Region's urban areas.
Historical Context
This milk price trend is relevant for policymakers, economists, and market analysts assessing regional cost-of-living and consumer spending patterns.
Key Facts
- Milk is a dietary staple for many U.S. households.
- Skim milk is a common low-fat option.
- The South Census Region includes 16 states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh, skim milk sold in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This milk price data provides insight into regional consumer costs and household spending patterns, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This milk price trend is relevant for assessing regional cost-of-living and the impact on consumer budgets, which informs economic policymaking.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend only covers the South Census Region's urban areas.
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Citation
U.S. Federal Reserve, Average Price: Milk, Fresh, Skim (Cost per One-Half Gallon/1.9 Liters) in the South Census Region - Urban (APU0300709211), retrieved from FRED.