Average Price: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000706311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.64
Year-over-Year Change
10.15%
Date Range
1/1/1980 - 2/1/2020
Summary
This economic trend measures the average price per pound of frozen, whole turkeys in the U.S. city average. It provides insight into consumer food costs and price trends for a key seasonal commodity.
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: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in U.S. City Average series tracks the average retail price paid by consumers for this common poultry product. It is a useful indicator of inflationary pressures and consumer purchasing power, especially around major holidays.
Methodology
The data is collected through surveys of retail stores by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by policymakers, retailers, and industry analysts to understand household budgets and consumer behavior.
Key Facts
- Turkeys are a major seasonal food item, with high demand around Thanksgiving and Christmas.
- Price changes can impact household budgets and food-at-home inflation metrics.
- Frozen whole turkey is a common and cost-effective option for many American consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound paid by U.S. consumers for frozen, whole turkeys in the city average.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer food costs and price trends for a key seasonal commodity, which is useful for understanding household budgets and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend is closely monitored by policymakers, retailers, and industry analysts to understand household spending and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to seasonal and regional variations.
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Citation
U.S. Federal Reserve, Average Price: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000706311), retrieved from FRED.