Average Price: Frankfurters, All Meat or All Beef (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000705111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.22
Year-over-Year Change
37.11%
Date Range
1/1/1980 - 4/1/2022
Summary
This economic trend measures the average retail price of frankfurters in the U.S. It provides insight into consumer prices and food costs, which are key indicators for policymakers and analysts.
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: Frankfurters, All Meat or All Beef (Cost per Pound/453.6 Grams) in U.S. City Average is a monthly data series that tracks the average price paid by consumers for this common food item. It serves as an important benchmark for understanding price dynamics in the meat and processed foods sector.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is widely used by economists, market analysts, and policymakers to monitor consumer spending and inflationary pressures.
Key Facts
- Frankfurters are a common and widely consumed food item in the U.S.
- Prices for this product can be influenced by factors like commodity costs, processing expenses, and retail competition.
- Monitoring frankfurter prices provides insight into broader trends in the food and grocery sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by U.S. consumers for frankfurters, a common processed meat product.
Q: Why is this trend relevant for users or analysts?
A: Frankfurter prices are an important indicator of consumer food costs and can provide insights into broader inflationary pressures in the 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: Economists, market analysts, and policymakers use this price trend to monitor consumer spending, food inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: This series is published monthly by the U.S. Bureau of Labor Statistics with typical 1-2 month lags in availability.
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Citation
U.S. Federal Reserve, Average Price: Frankfurters, All Meat or All Beef (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000705111), retrieved from FRED.