Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400706211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.54
Year-over-Year Change
-4.11%
Date Range
1/1/1980 - 3/1/2003
Summary
This economic trend measures the average price of bone-in chicken breasts per pound in the West Census Region's urban areas. It provides insights into consumer food prices and regional market 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: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the West Census Region - Urban metric tracks the retail cost of this common poultry product. It is used by economists and policymakers to analyze trends in regional food inflation and consumer purchasing power.
Methodology
The data is collected through surveying grocery stores and other retail outlets in the West Census Region.
Historical Context
This trend is relevant for understanding consumer price dynamics and regional market conditions.
Key Facts
- This trend tracks chicken breast prices in the West region.
- Prices are reported per pound (453.6 grams).
- Data covers urban areas in the West Census Region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bone-in chicken breasts 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 dynamics and consumer purchasing power, which are important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of grocery stores and other retail outlets in the West Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand consumer price inflation, regional market conditions, and the impact on household budgets.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely information on regional chicken prices.
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Citation
U.S. Federal Reserve, Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400706211), retrieved from FRED.