Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400705121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.35
Year-over-Year Change
6.92%
Date Range
1/1/1980 - 4/1/2018
Summary
This economic trend measures the average price of bologna, either all beef or mixed, per pound in the West Census Region of the United States. It provides insight into regional food pricing and consumer behavior.
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: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the West Census Region - Urban series tracks the average cost of this common deli meat product across urban areas in the western U.S. region. It is a useful indicator of regional food inflation and consumer purchasing power.
Methodology
The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is relevant for policymakers, market analysts, and consumers to understand regional food cost dynamics.
Key Facts
- Prices are reported in U.S. dollars per pound.
- Data covers the West Census Region, which includes 13 states.
- Series began in 1978 and is updated monthly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of bologna, either all beef or mixed, per pound in the urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into regional food inflation and consumer purchasing power, which is useful for policymakers, market analysts, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand regional food cost dynamics and its impact on consumer behavior and inflation.
Q: Are there update delays or limitations?
A: The series began in 1978 and is updated monthly by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400705121), retrieved from FRED.