Average Price: Pork and Beans, Canned (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban
APU0100718631 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
8.31%
Date Range
1/1/1980 - 9/1/1982
Summary
This economic trend measures the average price of canned pork and beans in the Northeast Census Region's urban areas. It provides insights into consumer prices and food costs in a key U.S. 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: Pork and Beans, Canned (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban series tracks the typical retail price of this common grocery item. It is used by economists and policymakers to analyze trends in 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 price trend is relevant for understanding consumer inflation and household budgets in the Northeast.
Key Facts
- Canned pork and beans are a common staple food.
- The Northeast Census Region covers 9 states from Maine to Pennsylvania.
- 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 pork and beans in the urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into consumer food costs and inflation in a key U.S. region, which is important for understanding household budgets and purchasing power.
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: This price trend is used by economists and policymakers to analyze regional consumer inflation and food costs, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data may have a short lag time between the reference period and public release, and it only covers the Northeast urban areas, not rural regions.
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Citation
U.S. Federal Reserve, Average Price: Pork and Beans, Canned (Cost per 16 Ounces/453.6 Grams) in the Northeast Census Region - Urban (APU0100718631), retrieved from FRED.