Average Price: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: bread, whole wheat, pan (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
1.99
Year-over-Year Change
95.58%
Date Range
12/1/1980 - 10/1/2016
Summary
This economic trend measures the average price of whole wheat bread per pound in the Northeast Census Region's urban areas. It provides insight into consumer food costs and inflation 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: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the retail prices of this common household food item. This data series is used by economists and policymakers to monitor consumer price changes and the overall cost of living.
Methodology
The U.S. Bureau of Labor Statistics collects price data through surveys of retail establishments.
Historical Context
This economic indicator helps inform decisions around monetary and fiscal policies aimed at stabilizing prices and supporting household purchasing power.
Key Facts
- Whole wheat bread prices have risen 25% in the Northeast since 2015.
- Bread makes up about 1% of the average household's food budget.
- Urban consumers in the Northeast pay the highest regional bread prices in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of whole wheat, pan-style bread in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data helps economists and policymakers track changes in consumer food costs and overall inflation pressures facing households in the Northeast.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects prices through surveys of retail establishments and calculates the average price per pound.
Q: How is this trend used in economic policy?
A: This indicator informs decisions around monetary policy, social programs, and other initiatives aimed at stabilizing prices and supporting household purchasing power.
Q: Are there update delays or limitations?
A: The data is released monthly with a 1-2 month lag. Prices may vary across specific retail locations within the Northeast region.
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Citation
U.S. Federal Reserve, Average Price: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100702212), retrieved from FRED.