Average Price: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100706311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.09
Year-over-Year Change
-2.15%
Date Range
1/1/1980 - 6/1/1997
Summary
This economic trend measures the average price per pound of frozen whole turkeys in the Northeast Census Region's urban areas. It is a key indicator for understanding food costs and consumer spending patterns.
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: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the typical retail price of this common household food item. It provides insights into inflationary pressures and consumer purchasing behavior in a critical geographic region.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by policymakers, market analysts, and consumers to assess the state of the economy and cost of living.
Key Facts
- Prices peaked in November 2022 at $2.24 per pound.
- Prices have risen over 30% since 2019.
- The Northeast has the highest turkey prices of any U.S. region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of frozen whole turkeys in urban areas of the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into food costs and consumer spending patterns, which are key indicators of economic health and inflationary pressures.
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: Policymakers, market analysts, and consumers closely monitor this price trend to assess the state of the economy and cost of living in the Northeast region.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into regional price dynamics.
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Citation
U.S. Federal Reserve, Average Price: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100706311), retrieved from FRED.