Average Price: Flour, White, All Purpose (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400701111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
62.44%
Date Range
1/1/1980 - 5/1/2022
Summary
This economic trend measures the average price of all-purpose white flour in the West Census Region of the United States. It provides valuable insights into consumer prices and regional cost-of-living dynamics.
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: Flour, White, All Purpose (Cost per Pound/453.6 Grams) in the West Census Region - Urban series tracks the retail price of a common household staple. This data point is useful for economists and policymakers analyzing trends in food prices and consumer purchasing power.
Methodology
The data is collected through surveys of urban consumers in the West Census Region.
Historical Context
This price trend is relevant for understanding regional cost-of-living factors and can inform economic policy decisions.
Key Facts
- Flour is a staple ingredient in many households.
- The West Census Region includes 13 states.
- Urban consumers make up a significant portion of the regional population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all-purpose white flour sold to urban consumers in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insights into regional food costs and consumer purchasing power, which are important factors for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban consumers in the West Census Region.
Q: How is this trend used in economic policy?
A: This price trend can inform policies related to cost-of-living, regional economic development, and consumer welfare.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be occasional delays or revisions due to the survey methodology.
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Citation
U.S. Federal Reserve, Average Price: Flour, White, All Purpose (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400701111), retrieved from FRED.