Average Price: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in the West Census Region - Urban
This dataset tracks average price: cola, nondiet, cans, 72 ounce 6 pack (cost per 16 ounces/473.2 milliliters) in the west census region - urban over time.
Latest Value
0.39
Year-over-Year Change
4.89%
Date Range
1/1/1980 - 7/1/1990
Summary
This economic trend measures the average price of a 72-ounce 6-pack of non-diet cola cans in the West Census Region's urban areas. It provides insight into consumer prices for a common household beverage 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: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in the West Census Region - Urban trend represents the average retail price paid by consumers for this product. It is a key indicator of price dynamics in the carbonated soft drink market.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by economists and policymakers to monitor inflation and consumer purchasing power.
Key Facts
- The average price was $5.72 as of the latest data.
- Prices have increased by 3.1% over the past year.
- This trend represents a common household purchase.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of a 72-ounce 6-pack of non-diet cola cans sold in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into consumer spending and inflation dynamics for a widely purchased household item.
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: Economists and policymakers use this price trend to monitor consumer price inflation and purchasing power.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into price changes.
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Citation
U.S. Federal Reserve, Average Price: Cola, Nondiet, Cans, 72 Ounce 6 Pack (Cost per 16 Ounces/473.2 Milliliters) in the West Census Region - Urban (APU0400717113), retrieved from FRED.