Average Price: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400710212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.88
Year-over-Year Change
30.86%
Date Range
1/1/1984 - 6/1/2025
Summary
This economic trend measures the average price of cheddar cheese in the West Census Region's urban areas. It provides insights into consumer prices and regional 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: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the average retail price of cheddar cheese in the western United States. This metric is used by economists and policymakers to analyze consumer spending, inflation, and regional price variations.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is relevant for understanding consumer behavior, assessing regional economic conditions, and informing monetary and fiscal policy decisions.
Key Facts
- Cheddar cheese is a popular dairy product consumed across the United States.
- The West Census Region includes 13 states, from Montana to California.
- Prices can vary significantly between urban and rural areas due to factors like transportation costs and market competition.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of cheddar cheese per pound in the urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional consumer price dynamics and can inform economic analysis, policy decisions, and business strategies.
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 trend is used by economists and policymakers to assess inflation, consumer spending patterns, and regional economic conditions, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 2-3 weeks. Limitations may include regional sampling coverage and potential measurement errors.
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Citation
U.S. Federal Reserve, Average Price: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400710212), retrieved from FRED.