Average Price: Eggs, Grade A, Large (Cost per Dozen) in the Northeast Census Region - Urban
This dataset tracks average price: eggs, grade a, large (cost per dozen) in the northeast census region - urban over time.
Latest Value
3.72
Year-over-Year Change
63.74%
Date Range
1/1/1980 - 10/1/2024
Summary
This economic trend measures the average retail price of grade A large eggs per dozen in the Northeast Census Region's urban areas. It provides insight into a key consumer staple and inflationary pressures.
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 of eggs is an important indicator of food costs and consumer price inflation. Economists and policymakers analyze this data to understand household spending patterns and the overall state of the economy.
Methodology
The U.S. Bureau of Labor Statistics collects this price data through surveys of urban consumers in the Northeast region.
Historical Context
Egg prices are closely watched as a component of the Consumer Price Index, a key metric used by the Federal Reserve in monetary policy decisions.
Key Facts
- Eggs are a staple food item for many households.
- Egg prices can be volatile due to factors like weather and supply chain disruptions.
- Changes in egg prices impact the overall cost of living for consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of grade A large eggs per dozen in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: Egg prices are an important indicator of food costs and consumer price inflation, which are closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this price data through surveys of urban consumers in the Northeast region.
Q: How is this trend used in economic policy?
A: Egg prices are a component of the Consumer Price Index, a key metric used by the Federal Reserve in making monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Average Price: Eggs, Grade A, Large (Cost per Dozen) in the Northeast Census Region - Urban (APU0100708111), retrieved from FRED.