Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000706211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.39
Year-over-Year Change
-0.25%
Date Range
1/1/1980 - 10/1/2011
Summary
This trend measures the average price per pound of bone-in chicken breasts in the U.S. city average. It provides insight into consumer food prices and can inform economic analysis and policy decisions.
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: Chicken Breast, Bone-In trend tracks the cost per pound/453.6 grams of this common household food item across U.S. urban areas. It is a key indicator of consumer purchasing power and inflationary pressures on food budgets.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess household expenditures and overall consumer price trends.
Key Facts
- Chicken is a dietary staple for many U.S. households.
- Bone-in chicken breasts are a common, economical protein source.
- Prices can fluctuate due to factors like supply, demand, and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of bone-in chicken breasts across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer food prices and can inform economic analysis and policy decisions related to household expenditures and inflationary pressures.
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 metric is widely used by economists, policymakers, and market analysts to assess household expenditures and overall consumer price trends.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric only covers urban areas, not rural or suburban regions.
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Citation
U.S. Federal Reserve, Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000706211), retrieved from FRED.