Average Price: Frankfurters, All Meat or All Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400705111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.44
Year-over-Year Change
7.10%
Date Range
1/1/1980 - 3/1/2020
Summary
This economic trend measures the average price of frankfurters, both all-meat and all-beef varieties, per pound in the West Census Region's urban areas. It provides valuable insights into consumer food prices and the cost of living in the region.
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: Frankfurters, All Meat or All Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the retail prices of these popular food items. This data is used by economists and policymakers to understand consumer behavior, inflation, and regional cost-of-living differences.
Methodology
The data is collected through surveys of retail establishments in the West Census Region's urban areas.
Historical Context
This trend is relevant for analyzing consumer spending patterns and the impact of price changes on household budgets.
Key Facts
- Frankfurters are a popular food item in the West Census Region.
- Prices can vary between all-meat and all-beef frankfurter varieties.
- The West Census Region includes Alaska, California, Hawaii, Oregon, and Washington.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of frankfurters, both all-meat and all-beef varieties, per pound in the West Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer food prices and the cost of living in the West Census Region, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the West Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing consumer spending patterns and the impact of price changes on household budgets, which can inform economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and limitations of federal economic surveys.
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Citation
U.S. Federal Reserve, Average Price: Frankfurters, All Meat or All Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400705111), retrieved from FRED.