Average Price: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200704421 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.25
Year-over-Year Change
-7.80%
Date Range
1/1/1980 - 7/1/1991
Summary
This economic trend measures the average price of fresh, loose sausage per pound in the Midwest Census Region's urban areas. It provides insight into a key component of consumer food prices and household spending.
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: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the market price of this common meat product. This data is used by economists and policymakers to analyze inflation, consumer behavior, and regional price differences.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of retail establishments.
Historical Context
This price trend informs analyses of consumer spending, food supply chains, and regional economic conditions.
Key Facts
- Sausage is a common household meat product.
- Prices can vary regionally based on supply and demand.
- This data series dates back to 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh, loose sausage per pound in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insights into consumer food costs, regional economic conditions, and inflation trends.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze consumer spending, food supply chains, and regional economic performance.
Q: Are there update delays or limitations?
A: This data is published monthly with a short lag. Regional coverage may not reflect all local market conditions.
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Citation
U.S. Federal Reserve, Average Price: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200704421), retrieved from FRED.