Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200702611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.23
Year-over-Year Change
8.84%
Date Range
1/1/1980 - 7/1/1989
Summary
This economic trend measures the average price of crackers, soda, and salted snacks per pound in the Midwest Census Region's urban areas. It provides insight into consumer price dynamics for these common household items.
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: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban metric tracks the average retail price of these products over time. It is a useful indicator of inflationary pressures and consumer purchasing power in the Midwest region.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is analyzed by economists, policymakers, and market analysts to understand household consumption patterns and the broader cost of living.
Key Facts
- The Midwest region comprises 12 states, including Illinois, Indiana, and Ohio.
- Crackers, soda, and salted snacks are common household consumption items.
- Prices for these products can be influenced by factors like supply chains, commodity costs, and local market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for a basket of crackers, soda, and salted snacks in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into consumer spending and inflationary pressures for common household items in the Midwest region, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend is used by the Federal Reserve, government agencies, and private analysts to monitor consumer inflation and purchasing power, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. Regional price trends may not fully capture local market variations.
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Citation
U.S. Federal Reserve, Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200702611), retrieved from FRED.