Average Price: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400702411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.87
Year-over-Year Change
22.54%
Date Range
1/1/1980 - 12/1/1986
Summary
This economic trend measures the average price of chocolate cupcakes per pound in the West Census Region's urban areas. It provides insights into consumer prices and inflation for this popular baked good.
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: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the market price of chocolate cupcakes in urban areas of the western United States. This data is used by economists and policymakers to monitor food inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a component of the Consumer Price Index (CPI), a key indicator used in Federal Reserve monetary policy decisions.
Key Facts
- Chocolate cupcakes are a popular baked good in the U.S.
- The West Census Region includes 13 states, including California and Washington.
- Cupcake prices can be an indicator of overall food inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of chocolate cupcakes, sold by the pound, in urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer prices and inflation for a popular baked good, which is useful for economists, policymakers, and market analysts.
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 index is a component of the Consumer Price Index (CPI), a key indicator used by the Federal Reserve in monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey methodology may not capture all regional variations in cupcake prices.
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Citation
U.S. Federal Reserve, Average Price: Cupcakes, Chocolate (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400702411), retrieved from FRED.