Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.35
Year-over-Year Change
-15.88%
Date Range
1/1/1980 - 6/1/2016
Summary
This economic trend measures the average price per pound of smoked, bone-in ham in the U.S. city average. It provides insight into consumer costs and food price 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: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average trend tracks the typical retail price of this specific pork product. It is used by economists and policymakers to monitor food price dynamics and consumer purchasing power.
Methodology
The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a key input for measuring inflation and consumer spending patterns.
Key Facts
- Ham is a common protein in the American diet.
- Prices for smoked ham have risen steadily over the past decade.
- Regional variations in ham prices can be significant.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of smoked, bone-in ham in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price index provides important insights into consumer food costs and broader inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This ham price index is a key input for measuring inflation and consumer spending patterns, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly with a short lag, providing timely insights on this consumer product.
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Citation
U.S. Federal Reserve, Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000704311), retrieved from FRED.