Average Price: Eggs, Grade AA, Large (Cost per Dozen) in the West Census Region - Urban
APU0400708112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.21
Year-over-Year Change
95.00%
Date Range
1/1/1980 - 10/1/2024
Summary
This economic trend measures the average price of large Grade AA eggs per dozen in the West Census Region of the United States. It provides important insights into consumer prices and inflation within the food and grocery sector.
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: Eggs, Grade AA, Large (Cost per Dozen) in the West Census Region - Urban trend tracks the monthly average retail price for this common consumer good. It is a key indicator used by economists, policymakers, and market analysts to understand changes in household spending, food costs, and overall price levels.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is a component of the Consumer Price Index (CPI), a leading measure of inflation relied upon by the Federal Reserve and other institutions.
Key Facts
- Eggs are a staple food product with price changes that impact household budgets.
- The West Census Region includes 13 states, from Washington to New Mexico.
- Egg prices are influenced by factors like feed costs, weather, and supply chain issues.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for a dozen large Grade AA eggs in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Egg prices are a key component of the Consumer Price Index, making this trend important for understanding overall inflation and consumer purchasing power.
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: The Federal Reserve and other policymakers closely monitor this and other consumer price trends to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: This data series is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Price: Eggs, Grade AA, Large (Cost per Dozen) in the West Census Region - Urban (APU0400708112), retrieved from FRED.