Average Price: Vodka, All Types, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the West Census Region - Urban
APU0400720222 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.31
Year-over-Year Change
2.49%
Date Range
8/1/1995 - 12/1/1997
Summary
This trend measures the average retail price of vodka in the West Census Region's urban areas, providing insights into consumer spending and market conditions.
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, All Types, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the West Census Region - Urban is a key economic indicator that tracks the average price consumers pay for vodka in the western United States. This data is used by analysts to monitor consumer behavior and market trends.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
This trend is relevant for understanding consumer demand and price movements in the spirits industry.
Key Facts
- Vodka is the most popular spirit in the United States.
- Prices can vary significantly by region and retail channel.
- This data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of vodka in the West Census Region's urban areas, including all types, sizes, and origins.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending and market conditions in the spirits industry, which is important 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 by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor consumer demand and inflationary pressures in the alcohol market, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a brief delay, and may not capture all retail channels or price variations within the West Census Region.
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Citation
U.S. Federal Reserve, Average Price: Vodka, All Types, All Sizes, Any Origin (Cost per 1 Liter/33.8 Ounces) in the West Census Region - Urban (APU0400720222), retrieved from FRED.