Global price of Sugar, EU
PSUGAEECUSDQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.27
Year-over-Year Change
-24.00%
Date Range
1/1/1991 - 4/1/2017
Summary
The Global Price of Sugar, EU series measures the price of sugar in the European Union. This metric is closely watched by economists and policymakers as it reflects global commodity market conditions and can impact inflation.
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 Global Price of Sugar, EU is an indicator of the wholesale price for sugar traded on global markets. It serves as a benchmark for sugar prices across the European Union and is used to analyze trends in food and agricultural commodity markets.
Methodology
The data is collected and reported by the International Sugar Organization.
Historical Context
Sugar prices are an important input for many consumer goods and can influence overall inflation, making this metric relevant for monetary policy decisions.
Key Facts
- Sugar is a widely traded global commodity.
- The EU is a major consumer and importer of sugar.
- Sugar prices can impact food inflation and consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Sugar, EU series measures the wholesale price of sugar traded on global markets and delivered to the European Union.
Q: Why is this trend relevant for users or analysts?
A: Sugar prices are an important input for many consumer goods and can influence overall inflation, making this metric relevant for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Sugar Organization.
Q: How is this trend used in economic policy?
A: Sugar prices are closely watched by central banks and policymakers as they can impact consumer prices and influence monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Global Price of Sugar, EU (PSUGAEECUSDQ), retrieved from FRED.