Average Price: Ham, Canned, 3 or 5 Pounds (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100704321 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
17.47%
Date Range
1/1/1980 - 1/1/1993
Summary
This economic trend measures the average price per pound of canned ham in the Northeast Census Region of the United States. It provides insights into consumer prices and regional cost-of-living variations.
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: Ham, Canned, 3 or 5 Pounds (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban tracks the average price per pound of canned ham products in urban areas of the Northeast, a key economic indicator for the region.
Methodology
The data is collected through surveys of retailers in the Northeast by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by economists and policymakers to analyze consumer spending patterns and cost-of-living dynamics in the Northeastern United States.
Key Facts
- Canned ham is a common grocery item in the Northeast.
- Prices can vary significantly by region within the U.S.
- The Northeast tends to have higher costs of living than other regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of canned ham products in urban areas of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into consumer spending patterns and cost-of-living dynamics in the Northeast, which is valuable information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze regional variations in consumer prices and the cost of living, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the collection and reporting schedule of the U.S. Bureau of Labor Statistics, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Average Price: Ham, Canned, 3 or 5 Pounds (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100704321), retrieved from FRED.