Average Price: Ham, Boneless, Excluding Canned (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200704312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.68
Year-over-Year Change
0.07%
Date Range
1/1/1991 - 6/1/2025
Summary
This economic trend measures the average price of boneless ham, excluding canned, in the Midwest Census Region's urban areas. It provides insights into consumer food prices and 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: Ham, Boneless, Excluding Canned (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail cost of this key consumer food item. It is used by economists and policymakers to monitor price changes and assess inflationary pressures.
Methodology
The data is collected through surveys of retail establishments in the Midwest region.
Historical Context
This metric is relevant for understanding consumer spending patterns and food-related inflation.
Key Facts
- Boneless ham is a key consumer food item.
- Prices are tracked in the Midwest Census Region's urban areas.
- This metric helps monitor food-related inflation trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of boneless ham, excluding canned, in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer food prices and inflation, which are important for understanding spending patterns and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor price changes and assess inflationary pressures in the consumer food market.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, providing timely information on this economic indicator.
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Citation
U.S. Federal Reserve, Average Price: Ham, Boneless, Excluding Canned (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200704312), retrieved from FRED.