Average Price: Jelly (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200715311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
2.09%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of jelly per pound in the Midwest Census Region's urban areas. It provides insight into consumer food prices and inflation for policymakers and market analysts.
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: Jelly (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban' series tracks the average retail price of jelly sold in urban areas of the Midwest region. This metric is used to monitor changes in consumer food costs and can inform decisions around monetary and fiscal policy.
Methodology
The data is collected through surveys of retailers in the Midwest Census Region.
Historical Context
This price trend is closely watched by the Federal Reserve and other policymakers to gauge inflationary pressures.
Key Facts
- Jelly prices in the Midwest urban areas are tracked monthly.
- The Midwest region encompasses 12 states, including Illinois, Indiana, and Ohio.
- This series dates back to 1978 and is released with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of jelly sold per pound in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer food costs and inflation trends, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Midwest Census Region.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this price trend to gauge inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This series is released with a 1-2 month lag and may not capture immediate price changes.
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Citation
U.S. Federal Reserve, Average Price: Jelly (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200715311), retrieved from FRED.