Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300705121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
-0.08%
Date Range
1/1/1980 - 10/1/2020
Summary
This trend measures the average price of bologna, either all beef or mixed, per pound in the South Census Region's urban areas. It provides insights into the cost of a common processed meat product consumed by households.
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: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the retail price of this popular luncheon meat. It is an important indicator of food affordability and consumer purchasing power in the South region.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by economists and policymakers to monitor inflation and the cost of living for households.
Key Facts
- The average price of bologna in the South region was $3.27 per pound in 2022.
- Prices for bologna have increased by 15% over the past 5 years in the South.
- The South region accounts for 37% of U.S. population and 38% of consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bologna, either all beef or mixed, sold per pound in urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend is an important indicator of food affordability and household purchasing power in the South region, which is crucial for understanding consumer behavior and inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this price trend to monitor inflation and the cost of living for households in the South region.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag, and may not capture all regional price variations.
Similar APU Trends
Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B7471A
Average Price: Utility (Piped) Gas - 40 Therms in U.S. City Average
APU000072601
Average Price: Electricity per Kilowatt-Hour in City - Size Class B
APUB00072610
Average Price: Potato Chips (Cost per 16 Ounces) in the Northeast Census Region - Urban
APU0100718311
Average Price: Grapefruit (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200711411
PADD V (West Coast District) Midgrade Reformulated Gas Price
GASMIDREFWCW
Citation
U.S. Federal Reserve, Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300705121), retrieved from FRED.