Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400701312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.88
Year-over-Year Change
3.17%
Date Range
1/1/1980 - 4/1/2025
Summary
This economic trend measures the average price of long-grain white rice in the West Census Region's urban areas. It provides insights into consumer food costs and regional price 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: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the West Census Region - Urban is a key indicator used by economists and policymakers to track regional food price inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform monetary policy decisions and analyze consumer behavior.
Key Facts
- Rice is a dietary staple for many U.S. households.
- The West Census Region includes 13 states from the Pacific Northwest to the Southwest.
- Price changes in this trend can indicate shifts in regional food cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of long-grain white rice per pound in the urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional food price inflation and consumer purchasing power, which are crucial for economic policymaking and household budgeting.
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 trend is used by the Federal Reserve and other policymakers to inform monetary policy decisions and analyze consumer behavior.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400701312), retrieved from FRED.