Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000702611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.63
Year-over-Year Change
0.87%
Date Range
1/1/1980 - 10/1/2000
Summary
This economic trend measures the average price of crackers, soda, and salted snacks in the U.S. city average, providing insights into consumer food prices and 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 Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in U.S. City Average is a key data point used by economists and policymakers to analyze trends in consumer food prices and broader inflationary pressures.
Methodology
The data is collected through surveys of retail establishments across the United States.
Historical Context
This price index is a critical input for the Consumer Price Index (CPI), which is a widely referenced measure of inflation.
Key Facts
- The average price of this basket of snacks is updated monthly.
- Prices have risen by 15% over the past 5 years.
- Soda accounts for the largest share of the basket by weight.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of a basket of common snack foods, including crackers, soda, and salted snacks, across the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price index is a crucial indicator of consumer food inflation and can provide insights into broader economic conditions and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments across the United States.
Q: How is this trend used in economic policy?
A: This price index is a key input for the Consumer Price Index (CPI), which is a widely used measure of inflation that informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000702611), retrieved from FRED.