Average Price: Pork and Beans, Canned (Cost per 16 Ounces/453.6 Grams) in U.S. City Average
This dataset tracks average price: pork and beans, canned (cost per 16 ounces/453.6 grams) in u.s. city average over time.
Latest Value
0.43
Year-over-Year Change
-2.47%
Date Range
1/1/1980 - 1/1/1986
Summary
This economic trend measures the average price of canned pork and beans in the U.S. city average. It provides valuable insights into consumer prices and household spending patterns.
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: Pork and Beans, Canned' series tracks the average retail price per 16-ounce/453.6-gram can of this common grocery item across U.S. urban areas. It is an important indicator of food costs and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average price.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to understand consumer behavior and inflationary pressures.
Key Facts
- Pork and beans is a popular low-cost canned food item.
- The average price has risen by 10% over the past 5 years.
- Prices tend to be higher in the Northeast and lower in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of a 16-ounce/453.6-gram can of pork and beans across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer food prices and household spending patterns, which are key indicators of economic conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a national average price.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to understand consumer behavior and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical 1-2 month lag. Regional and demographic breakdowns may have limited availability.
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Citation
U.S. Bureau of Labor Statistics, Average Price: Pork and Beans, Canned (APU0000718631), retrieved from FRED.