Average Price: Rice, White, Long Grain, Precooked (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000701311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.35
Year-over-Year Change
8.07%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of precooked, long-grain white rice per pound in the U.S. It provides valuable insights into consumer food prices and 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: Rice, White, Long Grain, Precooked (Cost per Pound/453.6 Grams) in U.S. City Average series tracks the retail price of this common household food item. This metric is used by economists and policymakers to monitor changes in the cost of living and consumer purchasing power.
Methodology
The data is collected through surveys of retail stores across the United States.
Historical Context
This rice price trend is an important input for the Consumer Price Index and other key economic indicators.
Key Facts
- Rice is a dietary staple worldwide.
- Precooked rice is convenient for home cooking.
- Tracking rice prices provides insight into food inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of precooked, long-grain white rice sold per pound in the United States.
Q: Why is this trend relevant for users or analysts?
A: This rice price metric is important for understanding changes in consumer food costs and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores across the United States.
Q: How is this trend used in economic policy?
A: This rice price trend is a key input for the Consumer Price Index and other important economic indicators used by policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief lag, providing timely insights into food price trends.
Similar APU Trends
Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
APUS12B72511
Average Price: Eggs, Grade A, Large (Cost per Dozen) in the Northeast Census Region - Urban
APU0100708111
Average Price: Electricity per Kilowatt-Hour in Denver-Aurora-Lakewood, CO (CBSA)
APUS48B72610
Average Price: Utility (Piped) Gas - 100 Therms in U.S. City Average
APU000072611
Average Price: Electricity per 500 Kilowatt-Hour in St. Louis, MO-IL (CBSA)
APUS24B72621
Average Price: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100703311
Citation
U.S. Federal Reserve, Average Price: Rice, White, Long Grain, Precooked (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000701311), retrieved from FRED.