Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000705121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.79
Year-over-Year Change
4.26%
Date Range
1/1/1980 - 9/1/2019
Summary
This economic trend measures the average price of bologna, a popular processed meat, across the U.S. It provides insights into consumer food costs and inflation pressures.
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: Bologna, All Beef or Mixed metric tracks the retail price paid by consumers for this common luncheon meat. It is an important indicator of food price trends and can inform policy decisions related to consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments across the United States.
Historical Context
This trend is closely monitored by economists and policymakers to assess changes in the cost of living and consumer spending patterns.
Key Facts
- Bologna is a common processed meat product.
- Prices are measured in cost per pound/453.6 grams.
- Data is collected across the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bologna, an all-beef or mixed processed meat, across the United States.
Q: Why is this trend relevant for users or analysts?
A: The bologna price trend provides insights into consumer food costs and can indicate broader inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments across the United States.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess changes in the cost of living and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into food price trends.
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Citation
U.S. Federal Reserve, Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000705121), retrieved from FRED.