Average Price: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the South Census Region - Urban
This dataset tracks average price: wine, red and white table, all sizes, any origin (cost per 1 liter/33.8 ounces) in the south census region - urban over time.
Latest Value
12.95
Year-over-Year Change
3.66%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the average price of red and white table wine in the South Census Region's urban areas, providing insights into consumer purchasing behavior and market dynamics.
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: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the South Census Region - Urban trend tracks the typical price consumers pay for table wine in the South's urban markets. This data is used by economists and policymakers to analyze consumer spending patterns and the overall health of the wine industry.
Methodology
The data is collected through consumer surveys and retail price monitoring by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the wine market's performance and consumer preferences in the South region.
Key Facts
- The average price of table wine in the South region was $7.54 per liter in 2022.
- Wine prices in the South have increased by 3.2% over the past year.
- Urban consumers in the South account for over 60% of the region's wine sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price consumers pay for red and white table wine in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer purchasing behavior and the overall health of the wine industry in the South region, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and retail price monitoring by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, market analysts, and policymakers to understand consumer spending patterns and the competitiveness of the wine industry in the South region.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months, and it may not capture all regional variations in wine prices.
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Citation
U.S. Federal Reserve, Average Price: Wine, Red and White Table, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the South Census Region - Urban (APU0300720311), retrieved from FRED.