Average Price: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the West Census Region - Urban
This dataset tracks average price: cookies, chocolate chip (cost per pound/453.6 grams) in the west census region - urban over time.
Latest Value
6.02
Year-over-Year Change
1.71%
Date Range
1/1/1980 - 5/1/2025
Summary
This economic trend measures the average price of chocolate chip cookies per pound in the West Census Region's urban areas. It provides insight into consumer price dynamics and reflects broader trends in food and grocery costs.
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: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the West Census Region - Urban series tracks the typical retail price of a standard package of chocolate chip cookies in urban markets across the Western United States. This metric is used by economists and policymakers to monitor changes in consumer purchasing power and the overall cost of living.
Methodology
The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Historical Context
Trends in this series are closely watched by the Federal Reserve and other agencies to gauge inflationary pressures and consumer behavior.
Key Facts
- Chocolate chip cookies are a common household grocery item.
- The West Census Region includes 13 states from the Pacific to the Rockies.
- Urban consumers typically face higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of chocolate chip cookies in urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking the price of common consumer goods like cookies provides insight into broader trends in food costs and inflation that impact household budgets and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Q: How is this trend used in economic policy?
A: Trends in this series are closely watched by the Federal Reserve and other agencies to gauge inflationary pressures and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags of several weeks or months in the reporting of this data, and the survey methodology may not capture all regional or seasonal variations in pricing.
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Citation
U.S. Federal Reserve, Average Price: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400702421), retrieved from FRED.