Average Price: Shoulder Picnic, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300704413 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
6.39%
Date Range
1/1/1980 - 9/1/2000
Summary
This economic trend measures the average price per pound for bone-in, smoked shoulder picnics in the urban areas of the South census region. It provides insights into regional food price dynamics and consumer spending 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: Shoulder Picnic, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban metric tracks the average retail price of this specific pork product. It is a key indicator of regional food inflation and consumer purchasing power.
Methodology
The data is collected through surveys of food retailers in the South census region.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to understand regional variations in consumer prices and the overall state of the economy.
Key Facts
- Tracked since 1978.
- Measured in U.S. dollars per pound.
- Covers urban areas in the South census region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for bone-in, smoked shoulder picnics in the urban areas of the South census region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional food price dynamics and consumer purchasing power, which are important for understanding the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the South census region.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to understand regional variations in consumer prices and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is updated monthly with a short publication delay.
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Citation
U.S. Federal Reserve, Average Price: Shoulder Picnic, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300704413), retrieved from FRED.