Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: bologna, all beef or mixed (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
2.77
Year-over-Year Change
3.43%
Date Range
1/1/1980 - 8/1/1992
Summary
This economic trend measures the average price of bologna, a popular processed meat, in the Northeast Census Region's urban areas. It provides insights into consumer price dynamics and regional food inflation.
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: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the average retail price of this meat product. It is a key indicator of regional food costs and can inform policymakers and consumers about price movements and cost-of-living changes.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region's urban areas.
Historical Context
This trend is used by economists, market analysts, and policymakers to understand regional consumer price patterns and assess the impact on household budgets.
Key Facts
- Bologna is a popular processed meat product.
- Prices are tracked in the Northeast Census Region's urban areas.
- Data is collected through retail surveys.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bologna, a type of processed meat, in the urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into regional food price dynamics and cost-of-living changes, which is valuable information for consumers, economists, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used by economists, market analysts, and policymakers to understand regional consumer price patterns and assess the impact on household budgets.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of retail price surveys.
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Citation
U.S. Federal Reserve, Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100705121), retrieved from FRED.