Average Price: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300704421 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.03
Year-over-Year Change
-23.40%
Date Range
1/1/1980 - 10/1/2002
Summary
This economic trend measures the average price of fresh, loose sausage per pound in the South Census Region's urban areas. It provides insight into consumer prices and food costs in a key U.S. region.
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: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in the South Census Region - Urban tracks the typical retail price for this common meat product. It is used by economists and policymakers to analyze regional consumer trends and inflation.
Methodology
The data is collected through surveys of food retailers in the South Census Region's urban areas.
Historical Context
This price trend offers context for assessing consumer demand, supply chain dynamics, and inflationary pressures in regional food markets.
Key Facts
- Sausage is a common protein source in the South.
- Prices can vary based on demand, supply, and inflation.
- Urban areas typically have higher food costs than rural regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh, loose sausage per pound in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into regional consumer costs and inflation for a common food item, which is useful 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 offers context for assessing consumer demand, supply chain dynamics, and inflationary pressures in regional food markets, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in geographic or product coverage.
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Citation
U.S. Federal Reserve, Average Price: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300704421), retrieved from FRED.