Average Price: Milk, Fresh, Low Fat, per One-Half Gallon (1.9 Liters) in the West Census Region - Urban
This dataset tracks average price: milk, fresh, low fat, per one-half gallon (1.9 liters) in the west census region - urban over time.
Latest Value
1.00
Year-over-Year Change
-2.44%
Date Range
1/1/1980 - 2/1/1988
Summary
This economic trend measures the average price of low-fat fresh milk per half-gallon in the West Census Region's urban areas. It provides important insights into consumer prices and regional price 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: Milk, Fresh, Low Fat, per One-Half Gallon (1.9 Liters) in the West Census Region - Urban is a key data series that tracks the retail price of a common household grocery item. This metric is widely used by economists, policymakers, and market analysts to assess regional consumer price trends and inflationary pressures.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
This price trend is closely monitored for its potential implications on consumer spending, cost of living, and overall economic conditions.
Key Facts
- Prices are reported per one-half gallon.
- Data covers urban areas in the West Census Region.
- Series tracks low-fat fresh milk prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of low-fat fresh milk sold in one-half gallon containers in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional consumer price dynamics and can be used to assess inflationary pressures and the cost of living in the West.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the West Census Region.
Q: How is this trend used in economic policy?
A: This price trend is closely monitored by economists, policymakers, and market analysts to understand consumer spending patterns and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and geographic coverage of the retail surveys conducted in the West Census Region.
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Citation
U.S. Federal Reserve, Average Price: Milk, Fresh, Low Fat, per One-Half Gallon (1.9 Liters) in the West Census Region - Urban (APU0400709212), retrieved from FRED.