Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: tuna, light, chunk (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
1.99
Year-over-Year Change
-4.87%
Date Range
1/1/1980 - 12/1/1997
Summary
This economic trend measures the average price of canned tuna in the Northeast Census Region's urban areas, providing insights into consumer prices and food costs in the 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: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban' series tracks the per-pound cost of canned tuna sold in urban areas of the Northeast, a key economic indicator for regional food prices and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region.
Historical Context
This trend is used by economists and policymakers to monitor regional consumer price dynamics and assess the impact on household budgets.
Key Facts
- Tuna is a common protein source in the Northeast diet.
- Prices can fluctuate based on supply chain, distribution, and consumer demand factors.
- Urban consumers may have different price dynamics than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of canned light tuna sold in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer food prices, which is important for understanding household purchasing power and the cost of living in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor regional consumer price dynamics and assess the impact on household budgets, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the survey collection schedule and may have some lags or limitations in geographic or product coverage.
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Citation
U.S. Federal Reserve, Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100707111), retrieved from FRED.