Average Price: Vodka, Domestic, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the West Census Region - Urban
APU0400720221 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.55
Year-over-Year Change
-0.38%
Date Range
12/1/1985 - 12/1/1986
Summary
This economic trend measures the average price of domestic vodka in the 375-milliliter to 1.75-liter size range, expressed as the cost per 25.4 ounces or 750 milliliters, for the West Census Region's urban areas. It provides insight into consumer spending patterns and price dynamics within the regional spirits market.
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: Vodka, Domestic, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the West Census Region - Urban series tracks the retail price of a standard bottle of domestic vodka in the West region's urban areas. This data point is useful for analyzing consumer behavior, inflationary pressures, and regional variations in the spirits industry.
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 policymakers, market analysts, and businesses operating in the West region's alcoholic beverage sector.
Key Facts
- The data is reported monthly by the U.S. Bureau of Labor Statistics.
- Prices are expressed in U.S. dollars per 25.4 ounces or 750 milliliters.
- The West Census Region includes Alaska, California, Hawaii, Oregon, and Washington.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of domestic vodka in the 375-milliliter to 1.75-liter size range, expressed per 25.4 ounces or 750 milliliters, for the West Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into consumer spending patterns, inflationary pressures, and regional variations within the spirits industry, which is useful for policymakers, market analysts, and businesses operating in the West region's alcoholic beverage sector.
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 trend is relevant for policymakers and analysts monitoring consumer prices, regional economic conditions, and industry dynamics in the alcoholic beverages sector.
Q: Are there update delays or limitations?
A: The data is reported monthly by the U.S. Bureau of Labor Statistics, so there may be a short delay in availability.
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Citation
U.S. Federal Reserve, Average Price: Vodka, Domestic, 375 Milliliters-1.75 Liters (Cost per 25.4 Ounces/750 Milliliters) in the West Census Region - Urban (APU0400720221), retrieved from FRED.