Average Price: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300716141 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.15
Year-over-Year Change
5.23%
Date Range
1/1/1984 - 9/1/2011
Summary
This economic trend measures the average price of creamy peanut butter across all package sizes in the South Census Region's urban areas. It provides insights into consumer prices and purchasing patterns for a widely consumed food item.
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 peanut butter price trend reflects the average cost per pound for creamy peanut butter products of any size sold in urban areas of the South Census Region. This metric is useful for tracking changes in food costs and consumer behavior over time.
Methodology
The data is collected through surveys of retail establishments in the South Census Region.
Historical Context
Peanut butter prices are monitored by economists, policymakers, and industry analysts to assess household expenditures and food inflation.
Key Facts
- Peanut butter is a common household food item.
- The South Census Region includes 16 states.
- Urban areas account for a majority of peanut butter sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of creamy peanut butter across all package sizes sold in urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: Peanut butter prices are an important indicator of food costs and consumer purchasing power, which are closely monitored by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the South Census Region.
Q: How is this trend used in economic policy?
A: Peanut butter prices are used by economists and policymakers to assess household expenditures, food inflation, and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting from some retail establishments.
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Citation
U.S. Federal Reserve, Average Price: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300716141), retrieved from FRED.