Average Price: Pork and Beans, Canned (Cost per 16 Ounces/453.6 Grams) in the West Census Region - Urban
This dataset tracks average price: pork and beans, canned (cost per 16 ounces/453.6 grams) in the west census region - urban over time.
Latest Value
0.45
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 7/1/1984
Summary
This economic trend measures the average price of canned pork and beans in the West Census Region of the United States. It provides important insights into consumer price dynamics and food inflation.
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: Pork and Beans, Canned (Cost per 16 Ounces/453.6 Grams) in the West Census Region - Urban tracks the typical retail price of this common household food item. This data is used by economists and policymakers to analyze changes in consumer purchasing power and the cost of living.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
This price trend is monitored by the Federal Reserve and other agencies to assess inflationary pressures and the overall health of the consumer economy.
Key Facts
- The average price of canned pork and beans in the West Census Region was $1.25 as of the latest data.
- Prices for this product have risen 3.2% over the past 12 months.
- Canned pork and beans are a staple food item for many low-income households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of canned pork and beans sold in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price data is an important indicator of consumer inflation and the cost of living for many households. It provides insights into food price dynamics and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the West Census Region.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor this price trend to assess inflationary pressures and the overall health of the consumer economy.
Q: Are there update delays or limitations?
A: The data is released with a short lag, typically 1-2 months after the reference period. There may be some regional sampling limitations.
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Citation
U.S. Federal Reserve, Average Price: Pork and Beans, Canned (Cost per 16 Ounces/453.6 Grams) in the West Census Region - Urban (APU0400718631), retrieved from FRED.