Average Price: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704421 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.61
Year-over-Year Change
-8.68%
Date Range
1/1/1980 - 9/1/2002
Summary
This economic trend measures the average price of fresh, loose sausage per pound in the U.S. city average. It provides important insights into consumer food prices and inflation pressures.
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: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in U.S. City Average tracks the retail price of this common consumer good. It is a key indicator used by economists and policymakers to monitor trends in food costs and overall inflation.
Methodology
The data is collected through surveys of retail establishments across the United States.
Historical Context
This price index is utilized by the Federal Reserve and other institutions to assess price dynamics and guide economic policy decisions.
Key Facts
- Sausage is a common staple food item.
- Prices can fluctuate due to changes in supply, demand, and production costs.
- The average price is calculated across urban areas in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh, loose sausage sold per pound in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: The sausage price index provides important insights into consumer food costs and overall inflation, making it a key indicator used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments across the United States.
Q: How is this trend used in economic policy?
A: The sausage price index is utilized by the Federal Reserve and other institutions to assess price dynamics and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into this consumer price metric.
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Citation
U.S. Federal Reserve, Average Price: Sausage, Fresh, Loose (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000704421), retrieved from FRED.