Average Price: Rice, White, Long Grain, Precooked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100701311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.39
Year-over-Year Change
8.03%
Date Range
1/1/1980 - 11/1/1985
Summary
This economic trend measures the average price of white, long-grain, precooked rice per pound in the Northeast Census Region's urban areas. It provides insights into food price dynamics 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, Precooked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban is a key indicator tracked by economists and policymakers to understand trends in food costs and consumer behavior within a specific geographic region.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region's urban areas.
Historical Context
This metric is used to inform policy decisions and market analyses related to food prices and consumer spending.
Key Facts
- Rice is a staple food in many U.S. households.
- The Northeast Census Region includes 9 states and the District of Columbia.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of white, long-grain, precooked rice per pound in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into food price dynamics and consumer purchasing power in a key geographic region, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This metric is used to inform policy decisions and market analyses related to food prices and consumer spending.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the U.S. Federal Reserve's economic reporting.
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Citation
U.S. Federal Reserve, Average Price: Rice, White, Long Grain, Precooked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100701311), retrieved from FRED.