Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the West Census Region - Urban
APU0400717411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.56
Year-over-Year Change
-11.26%
Date Range
1/1/1980 - 7/1/1981
Summary
This economic trend measures the average price of instant coffee in the West Census Region's urban areas, providing insights into consumer prices and inflation for this common household 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: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the West Census Region - Urban is a key indicator of consumer spending and price pressures in the coffee market. It helps economists and policymakers assess the affordability of this everyday product for households.
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 to inform monetary policy decisions and track changes in the cost of living.
Key Facts
- The average price is measured per 16 ounces/453.6 grams.
- Prices are tracked in the West Census Region's urban areas.
- This data series dates back to 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of instant coffee in the West Census Region's urban areas, providing insights into consumer spending and inflation for this common household item.
Q: Why is this trend relevant for users or analysts?
A: This price trend is an important indicator of affordability and cost-of-living pressures, helping economists and policymakers assess the state of the consumer economy.
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 to inform monetary policy decisions and track changes in the cost of living for households in the West Census Region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week lag.
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Citation
U.S. Federal Reserve, Average Price: Coffee, Instant, Plain, 9.1-14 Ounces (Cost per 16 Ounces/453.6 Grams) in the West Census Region - Urban (APU0400717411), retrieved from FRED.