Average Price: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100710212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.52
Year-over-Year Change
3.05%
Date Range
1/1/1984 - 10/1/2024
Summary
This economic trend measures the average price of cheddar cheese in the Northeast Census Region's urban areas. It provides insight into food costs and consumer trends, which are key indicators for policymakers and economists.
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 cheddar cheese price trend represents the average cost per pound (or 453.6 grams) of natural cheddar cheese purchased in urban areas of the Northeast Census Region. This metric is widely used to analyze consumer spending patterns and inflationary pressures on household budgets.
Methodology
The data is collected through surveys of retail establishments in the Northeast region.
Historical Context
Policymakers and analysts use this trend to understand changes in consumer price inflation and the cost of living.
Key Facts
- The Northeast region accounts for 17.8% of the U.S. population.
- Cheddar cheese is a major dairy product consumed across the country.
- Prices have risen 3.2% over the past year in the Northeast urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of cheddar cheese per pound in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer food costs and inflationary pressures, which are key economic indicators used by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand changes in consumer price inflation and the cost of living.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Cheddar Cheese, Natural (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100710212), retrieved from FRED.