Average Price: Corn, Canned, Any Style, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: corn, canned, any style, all sizes (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
0.75
Year-over-Year Change
-2.08%
Date Range
6/1/1996 - 12/1/1997
Summary
This economic trend measures the average price of canned corn in the Northeast Census Region's urban areas. It provides insights into food costs and consumer behavior, which are crucial for policymakers and market analysts.
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: Corn, Canned, Any Style, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban tracks the retail price of canned corn products in the Northeastern United States. This data is used to monitor food inflation, household spending, and the overall cost of living in the region.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region's urban areas.
Historical Context
This trend is relevant for analyzing consumer price trends and making informed decisions about economic and social policies.
Key Facts
- Canned corn is a staple food item in many American households.
- The Northeast Census Region includes 9 states and Washington, D.C.
- 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 canned corn products in the urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into food costs and consumer behavior, which are crucial for policymakers and market analysts to understand economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used to analyze consumer price trends and make informed decisions about economic and social policies.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Corn, Canned, Any Style, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100714221), retrieved from FRED.