Average Price: Bread, Rye, Pan (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000702211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
4.67%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of rye bread per pound in the U.S. city average. It provides important insights into consumer food costs and inflationary pressures.
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: Bread, Rye, Pan (Cost per Pound/453.6 Grams) in U.S. City Average series tracks the typical retail price of rye bread across urban areas in the United States. This metric is a key indicator of food inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by economists, policymakers, and market analysts to assess changes in the cost of living and overall economic conditions.
Key Facts
- Rye bread prices have risen by 15% over the past 5 years.
- The average price of rye bread is $3.50 per pound as of the latest data.
- Rye bread is a staple food item in many U.S. households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of rye bread per pound in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer food costs and inflationary pressures, which are closely watched by economists, policymakers, and market participants.
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 price trend is used by policymakers and analysts to assess changes in the cost of living and overall economic conditions, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short delay, providing timely insights into rye bread prices.
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Citation
U.S. Federal Reserve, Average Price: Bread, Rye, Pan (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000702211), retrieved from FRED.