Average Price: Rolls, Hamburger (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200702221 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
8.71%
Date Range
1/1/1980 - 9/1/1985
Summary
This economic trend measures the average price of hamburger rolls in the Midwest Census Region's urban areas. It provides insights into consumer prices and food costs for a key consumer product.
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: Rolls, Hamburger (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the price of this common grocery item. It is used by economists and policymakers to monitor inflation, consumer purchasing power, and regional price variations.
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 household budgets, food price inflation, and regional economic conditions.
Key Facts
- Hamburger rolls are a common grocery item.
- Prices can vary significantly by region.
- This data helps track food price inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of hamburger rolls in the Midwest Census Region's urban areas, providing insights into consumer prices and food costs.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding household budgets, food price inflation, and regional economic conditions.
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: This trend is used by economists and policymakers to monitor inflation, consumer purchasing power, and regional price variations.
Q: Are there update delays or limitations?
A: The data is subject to the survey collection and reporting timelines of the Federal Reserve.
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Citation
U.S. Federal Reserve, Average Price: Rolls, Hamburger (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200702221), retrieved from FRED.