Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300704311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.17
Year-over-Year Change
-5.16%
Date Range
1/1/1980 - 6/1/2013
Summary
This economic trend measures the average price of smoked, bone-in ham (rump or shank half) per pound in the South Census Region's urban areas. It provides insights into consumer spending and regional price variations for this common household meat 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: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the market price of this specific cut of smoked ham. It is used by economists and policymakers to analyze regional consumer price dynamics and broader trends in food expenditures.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator can inform policy decisions related to food inflation, regional cost-of-living analysis, and consumer purchasing power assessments.
Key Facts
- The South Census Region includes 16 states and Washington, D.C.
- Smoked ham is a common protein source in many Southern U.S. households.
- Bone-in ham typically costs less per pound than boneless cuts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of smoked, bone-in ham (rump or shank half) in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into regional food price dynamics and consumer spending patterns, which are important for assessing inflation, cost-of-living, and household purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through price surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this indicator to inform decisions related to food inflation, regional cost-of-living adjustments, and consumer spending trends.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300704311), retrieved from FRED.