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Historical Daily Coffee Prices
Data Science and Analytics
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About
Historical data dedicated to monitoring daily prices for coffee spanning almost 50 years. This resource gathers information on coffee prices, simplifying the structure to focus purely on the date of observation and the price recorded. The straightforward format makes it highly suitable for data analysis and visualization projects, particularly for individuals who are learning or practising with date manipulation and time series analysis. Analysts should consider the impact of inflation when reviewing long-term trends within this data.
Brief Description
Monitoring prices for coffee over the last five decades, this dataset contains daily price observations. It is designed to be accessible, offering clear date and price columns for ease of use in initial data analysis and visualization exercises. It is especially recommended for honing skills in handling various date formats, a common challenge in data processing.
Columns
This dataset includes two core columns:
- date: Represents the date the price was recorded. The historical range starts in August 1973 and runs through to December 2023.
- value: Indicates the daily price of coffee, measured in United States Dollars (USD) per pound. The minimum recorded price is 0.42 and the maximum recorded price is 3.36.
Distribution
The data is provided in a standard CSV format. The file size is 238.56 kB. The structure is minimalist, containing only two descriptive columns. It includes approximately 12.6 thousand valid records collected over the covered time period.
Usage
This data is ideal for practising foundational statistical analysis and visualization methods. Key applications include:
- Time series plotting using line graphs to track long-term price fluctuations.
- Creating bar charts to show yearly or decade averages.
- Developing and testing routines for manipulating and converting date formats.
- Introductory econometric studies focusing on commodity price history.
Coverage
The scope of the data covers a substantial historical range, beginning on 20 August 1973 and concluding on 8 December 2023. The subject matter is focused solely on global coffee commodity prices, expressed in USD per pound. No specific geographic or demographic segmentation is included in the available fields.
License
CC0: Public Domain
Who Can Use It
The dataset is intended for a variety of users:
- Data Analysis Beginners: To gain experience with simple, structured datasets and complex date formatting.
- Students: For educational projects requiring real-world historical commodity price series.
- Statistical Modellers: To practise creating time series models and analysing price volatility.
Dataset Name Suggestions
- Historical Daily Coffee Prices
- Coffee Commodity Price History (1973–2023)
- Fifty Years of Coffee Price Movements
Attributes
Original Data Source: Historical Daily Coffee Prices
QUALITY