Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200706211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.93
Year-over-Year Change
4.72%
Date Range
1/1/1980 - 12/1/1997
Summary
This trend measures the average price of bone-in chicken breasts per pound in the Midwest urban census region. It provides valuable insights into the cost of a common household food item.
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: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of this specific cut of chicken. It is an important indicator of food costs and consumer price pressures in the Midwest.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to monitor food inflation and consumer purchasing power.
Key Facts
- Chicken is a dietary staple for many U.S. households.
- The Midwest region accounts for a significant portion of U.S. chicken production.
- Bone-in chicken breasts are a common, budget-friendly meat option.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bone-in chicken breasts per pound in the Midwest urban census region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into food costs and consumer price pressures in the Midwest, which is important for understanding household budgets and inflation.
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 trend is used by economists and policymakers to monitor food inflation and consumer purchasing power.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend only reflects prices in the Midwest urban census region.
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Citation
U.S. Federal Reserve, Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200706211), retrieved from FRED.