Average Price: Bourbon Whiskey, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the West Census Region - Urban
APU0400720211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.94
Year-over-Year Change
4.68%
Date Range
12/1/1985 - 12/1/1986
Summary
This economic trend measures the average price of bourbon whiskey in the West Census Region's urban areas, providing insights into consumer spending and regional price variations.
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: Bourbon Whiskey, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the West Census Region - Urban metric tracks the average price consumers pay for bourbon whiskey in the western United States' urban markets.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
This trend is relevant for understanding consumer behavior and regional price dynamics in the spirits market.
Key Facts
- Bourbon is a uniquely American spirit made primarily from corn.
- The West Census Region includes 13 states, from Washington to New Mexico.
- Prices can vary significantly by region due to factors like distribution, taxes, and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price consumers pay for bourbon whiskey in the urban areas of the West Census Region, which includes 13 states in the western United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer spending patterns and price dynamics in the spirits market, which is valuable for businesses, policymakers, and economic 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: This trend can inform policy decisions related to taxation, distribution, and regulations in the alcohol industry, as well as provide context for broader consumer spending and regional economic trends.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting or coverage limitations for certain regions or retail channels.
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Citation
U.S. Federal Reserve, Average Price: Bourbon Whiskey, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the West Census Region - Urban (APU0400720211), retrieved from FRED.