Average Price: Milk, Fresh, Low Fat (Cost per Gallon/3.8 Liters) in the South Census Region - Urban
This dataset tracks average price: milk, fresh, low fat (cost per gallon/3.8 liters) in the south census region - urban over time.
Latest Value
2.75
Year-over-Year Change
-4.68%
Date Range
7/1/1995 - 10/1/2000
Summary
This economic trend tracks the average price of low-fat fresh milk per gallon in the urban South Census Region. It provides valuable insights into consumer prices and purchasing patterns for a key household staple.
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, Low Fat (Cost per Gallon/3.8 Liters) in the South Census Region - Urban series measures the typical retail price consumers pay for low-fat fresh milk in urban areas of the southern United States. This metric is closely watched by economists and policymakers to understand trends in consumer spending and the cost of living.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is a component of the Consumer Price Index, a key measure of inflation used in monetary policy decisions.
Key Facts
- Milk is a dietary staple for many American households.
- Prices can vary significantly by region and urban/rural location.
- Low-fat milk accounts for a large share of total milk consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for low-fat fresh milk per gallon in urban areas of the southern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer purchasing power and the cost of living, which are closely watched by economists, policymakers, and households.
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 a component of the Consumer Price Index, a key measure of inflation used by the Federal Reserve and other policymakers in monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Price: Milk, Fresh, Low Fat (Cost per Gallon/3.8 Liters) in the South Census Region - Urban (APU0300709213), retrieved from FRED.