Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000701312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
4.22%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of uncooked, long-grain white rice per pound in the U.S. city average. It provides valuable insights into food price inflation and consumer purchasing power.
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, Uncooked (Cost per Pound/453.6 Grams) in U.S. City Average tracks the typical retail price of this common household food item. Economists and policymakers use this data to monitor food costs and assess their impact on overall consumer price inflation.
Methodology
The U.S. Bureau of Labor Statistics collects this price data through surveys of retail establishments nationwide.
Historical Context
This rice price trend offers insight into food-related consumer spending and can inform decisions around monetary and fiscal policies.
Key Facts
- Rice is a dietary staple for millions of Americans.
- Prices can fluctuate due to factors like weather, trade, and supply chain issues.
- Long-grain white rice is one of the most commonly consumed rice varieties in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of uncooked, long-grain white rice per pound in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This rice price data offers insights into food cost inflation and consumer purchasing power, which are important factors for economic policymakers and households.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this price data through surveys of retail establishments nationwide.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this rice price trend to monitor food-related consumer spending and inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This data is published monthly with minimal delays, providing timely insights into rice price movements.
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Citation
U.S. Federal Reserve, Average Price: Rice, White, Long Grain, Uncooked (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000701312), retrieved from FRED.