Average Price: Butter, Salted, Grade AA, Stick (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: butter, salted, grade aa, stick (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
2.55
Year-over-Year Change
6.13%
Date Range
1/1/1980 - 4/1/2010
Summary
This economic trend measures the average retail price of salted, Grade AA butter in stick form in the South Census Region of the United States. It provides important data for assessing consumer price changes and inflation in the dairy 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: Butter, Salted, Grade AA, Stick (Cost per Pound/453.6 Grams) in the South Census Region - Urban tracks the monthly cost of this common household item. This metric is a key indicator of price trends and purchasing power for consumers and policymakers analyzing the dairy industry.
Methodology
The data is collected through surveys of retailers in the South Census Region.
Historical Context
This economic indicator is used by the Federal Reserve, market analysts, and economists to understand broader consumer price dynamics.
Key Facts
- Butter is a major component of the Consumer Price Index (CPI).
- The South Census Region accounts for about 37% of the total U.S. population.
- Salted, Grade AA butter is a widely-consumed dairy product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of salted, Grade AA butter in stick form in the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of price trends and purchasing power for consumers and policymakers analyzing the dairy industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the South Census Region.
Q: How is this trend used in economic policy?
A: This economic indicator is used by the Federal Reserve, market analysts, and economists to understand broader consumer price dynamics.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Average Price: Butter, Salted, Grade AA, Stick (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300710111), retrieved from FRED.