Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200704311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.33
Year-over-Year Change
2.31%
Date Range
1/1/1980 - 6/1/1986
Summary
This economic trend measures the average price of smoked, bone-in ham in the Midwest region's urban areas. It provides insights into consumer price dynamics for a key meat 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: Ham, Rump or Shank Half, Bone-In, Smoked trend represents the typical cost per pound for this common household item in Midwest urban markets. It is a useful indicator of regional food price inflation and consumer purchasing power.
Methodology
The data is collected through surveys of food retailers in the Midwest Census Region.
Historical Context
Policymakers and analysts use this trend to gauge regional cost-of-living pressures and consumer spending patterns.
Key Facts
- Prices are tracked in urban Midwest markets.
- Bone-in, smoked ham is a popular household item.
- Data helps assess regional cost-of-living dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound for smoked, bone-in ham sold in urban Midwest markets.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional food price inflation and consumer purchasing power for a common household meat product.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the Midwest Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge regional cost-of-living pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential limitations in geographic or product coverage.
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Citation
U.S. Federal Reserve, Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (APU0200704311), retrieved from FRED.