Average Price: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400716141 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.19
Year-over-Year Change
5.18%
Date Range
1/1/1984 - 5/1/2002
Summary
This economic trend measures the average price of creamy peanut butter across all sizes in the West Census Region of the United States. It provides insight into consumer price trends for this common household grocery item.
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: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in the West Census Region - Urban metric tracks the average retail price for creamy peanut butter sold in the Western United States. This data is used by economists and policymakers to monitor consumer price inflation and purchasing power.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
Peanut butter price trends can provide context for consumer behavior and the state of the grocery market.
Key Facts
- Peanut butter is a popular American food staple.
- The West Census Region includes 13 states in the western U.S.
- Creamy peanut butter accounts for the majority of peanut butter sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of creamy peanut butter of all sizes sold in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Peanut butter price trends provide insight into consumer purchasing power and food price inflation, which are important factors for economic policymakers and market analysts.
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: Peanut butter price data can inform decisions around monetary and fiscal policy, as well as provide context for consumer behavior and the state of the grocery market.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Peanut Butter, Creamy, All Sizes (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400716141), retrieved from FRED.