Average Price: Shoulder Picnic, Bone-In, Smoked (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704413 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.29
Year-over-Year Change
-2.13%
Date Range
1/1/1980 - 12/1/1997
Summary
This economic trend measures the average price per pound of bone-in, smoked shoulder picnic meat in the U.S. It provides insight into consumer prices and food 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: Shoulder Picnic, Bone-In, Smoked trend tracks the cost per pound of this specific pork product in the U.S. city average. It is an important indicator of consumer purchasing power and food cost changes over time.
Methodology
The data is collected through surveys of retail establishments.
Historical Context
This price trend is closely monitored by economists, policymakers, and market analysts.
Key Facts
- Prices are reported in cost per pound/453.6 grams.
- This pork product is a popular household meat item.
- Trends in this price can indicate broader food inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of bone-in, smoked shoulder picnic pork in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into consumer spending power and food inflation, as shoulder picnic is a commonly purchased pork product.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments across the U.S.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this price trend as an indicator of consumer purchasing power and food cost changes.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the trend only reflects the U.S. city average price.
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Citation
U.S. Federal Reserve, Average Price: Shoulder Picnic, Bone-In, Smoked (APU0000704413), retrieved from FRED.