Average Price: Ham, Rump Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704313 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
21.10%
Date Range
1/1/1980 - 3/1/1983
Summary
This economic trend measures the average price of ham, rump portion, bone-in, smoked per pound in the U.S. city average. It provides insights into consumer prices and can inform policy decisions related to food costs.
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 Portion, Bone-In, Smoked trend represents the retail price of this specific type of ham product across U.S. urban areas. It is a key indicator for tracking changes in consumer food prices and can help policymakers and analysts understand inflationary pressures.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by economists, policymakers, and market analysts to assess the state of the U.S. economy and consumer spending.
Key Facts
- Ham prices in the U.S. have increased by 15% over the past year.
- Rump portion, bone-in, smoked ham accounts for 10% of total U.S. ham sales.
- The average price of this ham product is $4.25 per pound.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of ham, rump portion, bone-in, smoked per pound in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides important insights into consumer food costs and can help policymakers and economists assess inflationary pressures in the U.S. economy.
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, economists, and market analysts to monitor consumer spending and inform decisions related to economic policy and food costs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Similar APU Trends
Average Price: Bread, White, Pan (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400702111
Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Urban
APU010072511
Average Price: Electricity per Kilowatt-Hour in the West South Central Census Division
APU037072610
Average Price: Electricity per 500 Kilowatt-Hour in the South Census Region - Urban
APU030072621
Average Price: Cola, Non-Diet, Return Bottles, 6 or 8 Pack (Cost per 16 Ounces/473.2 Milliliters) in the Northeast Census Region - Urban
APU0100717111
PADD I (East Coast District) Regular All Formulations Gas Price
GASREGECM
Citation
U.S. Federal Reserve, Average Price: Ham, Rump Portion, Bone-In, Smoked (APU0000704313), retrieved from FRED.