Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
This dataset tracks average price: tuna, light, chunk (cost per pound/453.6 grams) in the midwest census region - urban over time.
Latest Value
2.06
Year-over-Year Change
9.12%
Date Range
1/1/1980 - 10/1/2001
Summary
This economic trend measures the average price of canned tuna, light and chunk variety, per pound in the Midwest census region's urban areas. It provides insight into consumer prices and purchasing patterns for a widely consumed seafood 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: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend represents the typical retail cost of this common pantry item for urban consumers in the Midwest. It is a key indicator for analyzing food price inflation and consumer behavior.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is used by economists, policymakers, and market analysts to monitor food price trends and their impact on household budgets and consumer demand.
Key Facts
- Tuna is a common protein source for American households.
- The Midwest region accounts for a significant portion of U.S. tuna consumption.
- Food prices are a key component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of canned tuna, light and chunk variety, in the Midwest census region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into consumer prices and purchasing patterns for a widely consumed food product, which is crucial for understanding household budgets and inflationary pressures.
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 price index is used by economists, policymakers, and market analysts to monitor food price trends and their impact on household budgets and consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200707111), retrieved from FRED.