Average Price: Bread, French (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200702112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
8.51%
Date Range
9/1/1980 - 5/1/1986
Summary
This economic trend measures the average price of French bread per pound in the Midwest Census Region's urban areas. It provides valuable insights into consumer price dynamics and food inflation.
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: Bread, French (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of a specific type of bread in a defined geographic area. This data point is used by economists and policymakers to analyze consumer spending patterns and monitor food price inflation.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This trend is relevant for understanding consumer behavior and informing monetary policy decisions.
Key Facts
- The Midwest Census Region covers 12 states in the central United States.
- French bread is a common staple food item in many households.
- Tracking bread prices can help identify trends in overall food costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of French bread, sold by the pound, in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: The price of bread is a key indicator of consumer food costs and can provide insights into broader inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor consumer price inflation and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions based on additional information.
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Citation
U.S. Federal Reserve, Average Price: Bread, French (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200702112), retrieved from FRED.