Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100704111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.04
Year-over-Year Change
2.55%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of sliced bacon per pound in the Northeast Census Region's urban areas. It provides valuable insights into consumer prices and regional market dynamics.
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: Bacon, Sliced (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the average retail price of pre-packaged, sliced bacon sold in urban areas of the Northeastern United States. This data is used by economists and policymakers to analyze consumer spending patterns and inflation.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by industry analysts and policymakers to understand consumer behavior and guide economic decision-making.
Key Facts
- Bacon is a widely consumed meat product in the United States.
- The Northeast region accounts for a significant portion of the national bacon market.
- Bacon prices can be influenced by factors such as supply chain disruptions and changes in consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of pre-packaged, sliced bacon sold in urban areas of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and regional market dynamics, which are important for economists and policymakers.
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 trend is closely monitored by industry analysts and policymakers to understand consumer behavior and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Labor Statistics, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100704111), retrieved from FRED.