Average Price: Butter, Salted, Grade AA, Stick (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100710111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.31
Year-over-Year Change
112.33%
Date Range
1/1/1980 - 4/1/2004
Summary
This economic trend measures the average price of salted, Grade AA butter sold in stick form in the Northeast Census Region's urban areas. It provides insight into consumer price dynamics for a key dairy product.
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: Butter, Salted, Grade AA, Stick (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the monthly average retail price of this standardized butter product. It is a valuable indicator of regional food price inflation and consumer buying power.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by economists, policymakers, and market analysts to assess consumer demand and inflationary pressures.
Key Facts
- Butter is a key dairy product in the Consumer Price Index.
- Prices are tracked at the regional level to capture geographic variations.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of salted, Grade AA butter sold in stick form in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides valuable insight into regional food price dynamics and consumer purchasing power for a key dairy product.
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: Economists, policymakers, and market analysts use this price trend to assess consumer demand and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insight into regional consumer price movements.
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Citation
U.S. Federal Reserve, Average Price: Butter, Salted, Grade AA, Stick (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100710111), retrieved from FRED.