Average Price: Spaghetti (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200701321 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-4.39%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of spaghetti per pound in the Midwest Census Region's urban areas. It provides insight into food costs and consumer price dynamics 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: Spaghetti (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of spaghetti in urban areas of the Midwest. This data point is used by economists and policymakers to monitor changes in food costs and gauge regional variations in consumer prices.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of retail establishments.
Historical Context
Trends in spaghetti prices can inform decisions around economic policies, food assistance programs, and consumer spending patterns.
Key Facts
- Spaghetti is a common household food item.
- The Midwest is a major agricultural and industrial region.
- 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 spaghetti per pound in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: Trends in spaghetti prices provide insight into regional consumer price dynamics and food cost changes over time.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Spaghetti price data can inform decisions around economic policies, food assistance programs, and consumer spending patterns.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend only covers urban areas of the Midwest Census Region.
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Citation
U.S. Federal Reserve, Average Price: Spaghetti (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200701321), retrieved from FRED.