Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400704311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.68
Year-over-Year Change
4.03%
Date Range
1/1/1980 - 2/1/1988
Summary
This economic trend measures the average price of bone-in, smoked ham in the West Census Region of the United States. It provides important data on consumer prices and food costs for economists and policymakers.
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: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the West Census Region - Urban is a key data series that tracks the average retail price of this common meat product. It offers insights into food price inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retailers in the West Census Region.
Historical Context
This price trend is used to monitor consumer price dynamics and inform economic policy decisions.
Key Facts
- Prices are reported in cost per pound/453.6 grams.
- Data covers the West Census Region, which includes 13 states.
- Trend tracks a common household meat product
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bone-in, smoked ham in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price data provides important insights into food inflation and consumer purchasing power, which are key factors for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the West Census Region.
Q: How is this trend used in economic policy?
A: This price trend is used to monitor consumer price dynamics and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400704311), retrieved from FRED.