Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100706211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.05
Year-over-Year Change
8.42%
Date Range
1/1/1980 - 3/1/1999
Summary
This economic trend measures the average price of bone-in chicken breasts per pound in the Northeast Census Region's urban areas. It provides valuable insights into consumer prices and food costs in a key U.S. geographic region.
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: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban tracks the retail price of this common protein item. It is an important indicator of food inflation and consumer purchasing power in the densely populated Northeast.
Methodology
The data is collected through surveys of urban retail establishments in the Northeast region.
Historical Context
This price trend informs economic analysis and policymaking related to consumer spending, food costs, and regional price variations.
Key Facts
- Chicken is a dietary staple for many U.S. households.
- The Northeast region has a high population density.
- Food prices can significantly impact consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bone-in chicken breasts per pound in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides valuable insights into food costs and consumer inflation for a key geographic region, informing economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban retail establishments in the Northeast region.
Q: How is this trend used in economic policy?
A: This price trend is used to analyze consumer spending, food inflation, and regional price variations, which informs economic policymaking.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the trend only covers urban areas in the Northeast region.
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Citation
U.S. Federal Reserve, Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100706211), retrieved from FRED.