Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300701312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
-1.01%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of uncooked, long grain white rice per pound in the urban South census region. It provides valuable insights into food price dynamics and consumer purchasing patterns.
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: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the retail price of this common household staple. It is a key indicator of food inflation and consumer behavior within the southern United States.
Methodology
The data is collected through surveys of retail establishments and calculated as a regional average price per pound.
Historical Context
This rice price trend is closely monitored by policymakers, economists, and market analysts to understand broader consumer price trends.
Key Facts
- Rice is a dietary staple for millions of Americans.
- The South census region accounts for over a third of the U.S. population.
- Food prices are a major component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of uncooked, long grain white rice per pound in the urban areas of the South census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This rice price trend provides important insights into food inflation and consumer purchasing patterns, which are closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a regional average price per pound.
Q: How is this trend used in economic policy?
A: This rice price trend is used by policymakers, economists, and market analysts to understand broader consumer price dynamics and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into regional food price trends.
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Citation
U.S. Federal Reserve, Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300701312), retrieved from FRED.