Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200704111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.01
Year-over-Year Change
7.35%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of sliced bacon per pound in the Midwest Census Region's urban areas. It provides crucial data for understanding consumer price dynamics and household expenditures.
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: Bacon, Sliced (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban is a key data point tracked by economists and policymakers to gauge inflationary pressures and consumer behavior within a specific geographic region and market segment.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This price trend is widely referenced by market analysts, consumer research firms, and government agencies to inform economic policy decisions.
Key Facts
- Bacon is a popular household food item.
- The Midwest region accounts for a significant portion of U.S. pork production.
- Urban consumers typically have higher disposable incomes than rural populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of sliced bacon per pound in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for understanding consumer price dynamics and household spending patterns in a key U.S. geographic region and market segment.
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 price trend is widely referenced by market analysts, consumer research firms, and government agencies to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200704111), retrieved from FRED.