Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300707111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.69
Year-over-Year Change
-0.41%
Date Range
1/1/1980 - 11/1/2004
Summary
This economic trend measures the average price of canned tuna, light and in chunk form, per pound in the South Census Region of the United States. This data is useful for economists and policymakers to understand consumer purchasing trends and inflation patterns in the food and grocery sectors.
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: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the South Census Region - Urban data series tracks the retail price of this common household food item. It is an important economic indicator that provides insight into consumer behavior, regional price differences, and overall food price inflation.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by economists, food industry analysts, and policymakers to assess the state of the consumer economy.
Key Facts
- Tuna is a common household food item in the United States.
- The South Census Region includes 16 states and the District of Columbia.
- Canned tuna is a major source of protein for many American consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of canned tuna, light and in chunk form, per pound in the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer purchasing behavior, regional price differences, and overall food price inflation, which are closely monitored by economists, industry analysts, and policymakers.
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: This price trend is used by economists, food industry analysts, and policymakers to assess the state of the consumer economy and inform decisions related to economic and regulatory policies.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and potential limitations of the U.S. Bureau of Labor Statistics' data collection and reporting processes.
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Citation
U.S. Federal Reserve, Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300707111), retrieved from FRED.