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Long-term US Market Price History
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About
Gain insights into the economic landscape of the United States through monthly average price data for essential household items, food, and fuel. Derived from the Consumer Price Index (CPI) data collection by the Bureau of Labor Statistics (BLS), this collection captures price levels rather than inflation rates. Prices are gathered from 75 urban areas and via Department of Energy questionnaires, offering a detailed view of cost fluctuations for goods ranging from gasoline to groceries over several decades.
Columns
- series_id: Unique identification codes representing specific area and item combinations.
- year: The calendar year of the recorded price, spanning from 1995 to 2023.
- period: The month of observation (e.g., M01 for January).
- value: The average price in USD for the specified item.
- item_name: The specific product description (e.g., Gasoline, unleaded regular).
- area_name: The geographic designation for the price collection (e.g., U.S. city average, South).
Distribution
The data is structured in a tabular format and delivered in a single file named
average_prices.csv. It contains approximately 193,000 records (rows) and 6 columns.Usage
- Calculating historical cost of living trends across different US regions.
- Analysing volatility in energy and fuel markets.
- Benchmarking retail pricing strategies against national averages.
- Academic economic research and longitudinal price modelling.
- Educational demonstrations of time-series data analysis.
Coverage
- Geographic: United States, specifically covering 75 urban areas. The dataset includes 65 unique area labels such as 'U.S. city average' and regional breakdowns like 'South'.
- Time Range: Monthly data spanning from 1995 to 2023.
- Scope: Covers food, household fuel, and motor fuel. Fuel prices include applicable Federal, State, and local taxes. Electricity prices include fuel and purchased gas adjustments.
License
CC0: Public Domain
Who Can Use It
- Economists
- Data Scientists
- Policy Analysts
- Market Researchers
- Energy Sector Analysts
- Students and Academics
Dataset Name Suggestions
- US Historical Average Consumer Prices (1995-2023)
- BLS Monthly Retail Prices: Food & Energy
- United States Urban Consumer Price Trends
- Long-term US Market Price History
Attributes
Original Data Source: Long-term US Market Price History
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