Average Price: Chicken Legs, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: chicken legs, bone-in (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
1.43
Year-over-Year Change
7.76%
Date Range
1/1/1980 - 8/1/2020
Summary
This economic trend measures the average price per pound of bone-in chicken legs in the Northeast Census Region's urban areas. It provides valuable insights into the regional cost of a key consumer food item.
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 Legs, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend is an important economic indicator that tracks the retail price of a common household poultry product. It offers analysts and policymakers a window into regional food price dynamics and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region's urban areas.
Historical Context
This price trend is closely monitored by economists, food industry analysts, and policymakers to assess regional inflationary pressures and consumer spending patterns.
Key Facts
- Chicken is a dietary staple for many American households.
- The Northeast Census Region includes 9 states and Washington, D.C.
- Bone-in chicken legs are a lower-cost poultry option.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of bone-in chicken legs in the urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend offers valuable insights into regional food cost dynamics and consumer purchasing power for a common household item.
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 price trend is closely monitored by economists, food industry analysts, and policymakers to assess regional inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be lags in reporting and regional sampling limitations.
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Citation
U.S. Federal Reserve, Average Price: Chicken Legs, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100706212), retrieved from FRED.