Average Price: Flour, White, All Purpose (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: flour, white, all purpose (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
0.64
Year-over-Year Change
9.97%
Date Range
1/1/1980 - 10/1/2016
Summary
This economic trend measures the average price of all-purpose white flour in the Northeast Census Region's urban areas. It provides insights into consumer price dynamics and inflation for a key food 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: Flour, White, All Purpose (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the retail price of a standard 1-pound package of all-purpose white flour in urban areas of the Northeast. This metric is used to gauge cost-of-living changes and inflationary pressures on a core consumer staple.
Methodology
The data is collected through surveys of retail establishments in the Northeast region by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is an important input for policymakers, economists, and market analysts monitoring food inflation and consumer purchasing power.
Key Facts
- Flour is a dietary staple with diverse culinary uses.
- The Northeast region accounts for a significant share of U.S. flour consumption.
- Price changes can impact household budgets and food industry costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all-purpose white flour sold in 1-pound packages in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price metric provides insights into cost-of-living changes and inflationary pressures on a core food staple, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast region by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This flour price trend is an important input for monitoring food inflation and consumer purchasing power, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not capture all retail outlets in the Northeast region.
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Citation
U.S. Federal Reserve, Average Price: Flour, White, All Purpose (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100701111), retrieved from FRED.