Average Price: Shortening, Vegetable Oil Blends (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: shortening, vegetable oil blends (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
1.11
Year-over-Year Change
10.21%
Date Range
1/1/1980 - 9/1/2005
Summary
This economic trend measures the average price of shortening and vegetable oil blends per pound in the South Census Region's urban areas. It provides insights into consumer prices and purchasing power within this key 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: Shortening, Vegetable Oil Blends (Cost per Pound/453.6 Grams) in the South Census Region - Urban is a data series that tracks the average cost of these household products across urban areas in the southern United States. This metric is useful for analyzing regional consumer trends and the impact of factors like supply, demand, and inflation on cooking oil prices.
Methodology
The data is collected through surveys of retailers in the South Census Region's urban areas.
Historical Context
This price trend is relevant for policymakers, economists, and businesses monitoring consumer spending patterns and regional market conditions.
Key Facts
- Prices are reported in cost per pound (453.6 grams).
- The South Census Region includes 16 states, from Texas to Virginia.
- This data series began in 1978 and is updated monthly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of shortening and vegetable oil blends per pound in urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into consumer spending and purchasing power for a key household good within a major regional market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and businesses monitoring consumer spending patterns and regional market conditions.
Q: Are there update delays or limitations?
A: This data series began in 1978 and is updated monthly, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Average Price: Shortening, Vegetable Oil Blends (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300716121), retrieved from FRED.