Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100702611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
3.01%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of crackers, soda, and salted snacks per pound in the Northeast Census Region's urban areas. It provides insights into consumer spending patterns and price changes for these common household items.
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: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the typical retail price for a basket of these food and beverage products. This data point is used by economists and policymakers to monitor inflationary pressures and consumer behavior in the Northeastern United States.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a component of the Consumer Price Index (CPI), a key indicator of consumer inflation.
Key Facts
- The Northeast region includes 9 states, from Maine to Maryland.
- Crackers, soda, and salted snacks make up a significant portion of household grocery budgets.
- Prices for these items can be an early indicator of broader food and beverage inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for a basket of crackers, soda, and salted snacks in the urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price index provides insights into consumer spending and inflationary pressures for common household items, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price index is a component of the Consumer Price Index (CPI), a key indicator used by the Federal Reserve and other policymakers to monitor and manage inflation.
Q: Are there update delays or limitations?
A: There may be lags of several weeks between the reference period and data publication due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100702611), retrieved from FRED.