Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in U.S. City Average
This dataset tracks average price: tuna, light, chunk (cost per pound/453.6 grams) in u.s. city average over time.
Latest Value
3.17
Year-over-Year Change
-4.03%
Date Range
1/1/1980 - 9/1/2017
Summary
This economic trend measures the average retail price of canned tuna in the United States. It is an important indicator of food price inflation and consumer purchasing power.
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: Tuna, Light, Chunk trend tracks the cost per pound of canned tuna in the U.S. market. It is a key metric for monitoring food prices and understanding the economic factors affecting consumers' ability to afford basic grocery items.
Methodology
The data is collected through monthly surveys of retail establishments across the United States.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts to assess household spending patterns and the state of the consumer economy.
Key Facts
- Tuna is a staple protein source for many American households.
- Canned tuna prices can be influenced by global fish stock levels and processing costs.
- Tracking tuna prices provides insight into the broader food price environment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of canned light tuna in chunk form across U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: Tuna prices are an important indicator of food price inflation and consumer purchasing power, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments across the United States.
Q: How is this trend used in economic policy?
A: Tuna price data is used by economists and policymakers to assess household spending patterns and the overall state of the consumer economy.
Q: Are there update delays or limitations?
A: The tuna price data is updated monthly, with a short lag time between the reference period and public release.
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Citation
U.S. Federal Reserve, Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000707111), retrieved from FRED.