Average Price: Ham, Shank Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300704314 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
-17.93%
Date Range
1/1/1980 - 12/1/1983
Summary
This economic trend measures the average price of ham, shank portion, bone-in, and smoked per pound in the South Census Region's urban areas. It provides insights into food costs and consumer purchasing power.
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, Shank Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the market price of a common meat product. This data point is used by economists and policymakers to analyze household spending, inflation, and regional cost-of-living differences.
Methodology
The data is collected through surveys of retailers in the South Census Region's urban areas.
Historical Context
This trend can inform policy decisions and market analysis related to food prices and regional economic conditions.
Key Facts
- The data is reported monthly.
- Prices are tracked in U.S. dollars per pound.
- The South Census Region includes 16 states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of ham, shank portion, bone-in, and smoked per pound in the South Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into food costs and consumer purchasing power, which are important for analyzing household spending, inflation, and regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions and market analysis related to food prices and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Average Price: Ham, Shank Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300704314), retrieved from FRED.