Average Price: Ham, Shank Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704314 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
18.73%
Date Range
1/1/1980 - 7/1/1982
Summary
This economic trend measures the average price of ham, shank portion, bone-in, and smoked in the U.S. city average. It provides important 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: Ham, Shank Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average tracks the typical retail price of this pork product across major U.S. urban areas. This metric is used by economists and policymakers to monitor consumer price trends and assess the state of the food industry.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is relevant for understanding consumer spending patterns and the broader food sector's economic performance.
Key Facts
- The average price of ham, shank portion, bone-in, smoked was $3.78 per pound as of the latest data.
- Prices for this pork product have increased by 7.4% over the past year.
- Ham is a common protein source for many American households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of ham, shank portion, bone-in, and smoked 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 be used to assess inflation pressures in the broader 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: Policymakers and economists monitor this price trend to understand consumer spending patterns and the health of the food industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into price movements.
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Citation
U.S. Federal Reserve, Average Price: Ham, Shank Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000704314), retrieved from FRED.