Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100701312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-3.31%
Date Range
1/1/1980 - 9/1/1997
Summary
This economic trend measures the average price of uncooked, long-grain white rice per pound in the Northeast Census Region's urban areas. It provides insights into food price dynamics 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: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the market price of a common household staple. It is used by economists and policymakers to monitor food inflation and assess the cost of living in the region.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region's urban areas.
Historical Context
This trend is relevant for understanding consumer spending patterns and the economic well-being of households in the region.
Key Facts
- Rice is a dietary staple for many households.
- The Northeast Census Region includes 11 states and Washington, D.C.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of uncooked, long-grain white rice per pound in the urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into food price dynamics and consumer purchasing power in the Northeast, which is important for understanding the cost of living and household spending patterns in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the urban areas of the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor food inflation and assess the economic well-being of households in the Northeast Census Region.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100701312), retrieved from FRED.