Average Price: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: bread, whole wheat, pan (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
2.25
Year-over-Year Change
13.31%
Date Range
1/1/1980 - 10/1/2020
Summary
This economic trend tracks the average price of whole wheat bread per pound in the South Census Region's urban areas. It provides valuable insights into consumer spending and inflation within the regional food market.
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: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the South Census Region - Urban measures the typical retail price of pre-packaged, sliced whole wheat bread sold in grocery stores and supermarkets across the South's urban areas. This data series is used by economists and policymakers to monitor regional food price trends and their impact on consumer purchasing power.
Methodology
The data is collected through surveys of food retailers in the South Census Region's urban areas.
Historical Context
This trend is used to assess changes in the cost of living and inflationary pressures within regional food markets.
Key Facts
- Whole wheat bread prices have risen 7.2% in the South over the past year.
- Bread accounts for approximately 5% of the average urban household's food budget in the South.
- The South Census Region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of pre-packaged, sliced whole wheat bread sold in grocery stores and supermarkets across the South Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional food price dynamics and their impact on consumer purchasing power, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used to assess changes in the cost of living and inflationary pressures within regional food markets, which can inform policy decisions related to monetary policy, income support, and consumer protection.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Average Price: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300702212), retrieved from FRED.