Average Price: Spaghetti and Macaroni (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: spaghetti and macaroni (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
1.82
Year-over-Year Change
-10.68%
Date Range
1/1/1984 - 4/1/2024
Summary
This economic trend measures the average price of spaghetti and macaroni per pound in the Northeastern U.S. urban areas. It provides insight into consumer food costs and inflation in a key regional market.
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: Spaghetti and Macaroni (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the retail price of these common pasta products in urban areas of the Northeastern United States. It is a useful indicator of consumer food prices and inflationary pressures in this regional market.
Methodology
The data is collected through surveys of food retailers in the Northeastern urban areas.
Historical Context
This price trend is closely monitored by economists, policymakers, and market analysts to understand regional consumer spending and inflationary dynamics.
Key Facts
- Pasta is a dietary staple in the Northeastern U.S.
- Prices can vary significantly by region and retail channel.
- This data series dates back to 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of spaghetti and macaroni per pound in urban areas of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This regional food price data provides valuable insights into consumer spending patterns and inflationary pressures in a key U.S. market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in Northeastern urban areas.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts closely monitor this price trend to understand regional consumer spending and inflation dynamics.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into this regional food market.
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Citation
U.S. Federal Reserve, Average Price: Spaghetti and Macaroni (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100701322), retrieved from FRED.