Average Price: Spaghetti (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100701321 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
14.50%
Date Range
1/1/1980 - 10/1/1980
Summary
This economic trend measures the average price of spaghetti per pound in the Northeast Census Region's urban areas. It provides insights into consumer food costs 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 spaghetti price trend tracks the average cost per pound/453.6 grams of this common pasta product in urban markets across the Northeast. It is an important indicator of consumer food prices and can be used to assess regional inflation dynamics.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region.
Historical Context
This trend is closely watched by policymakers, economists, and consumers to understand changes in the cost of living.
Key Facts
- Spaghetti is a popular staple food item.
- The Northeast region has a large urban population.
- Food prices can significantly impact consumer inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound/453.6 grams of spaghetti in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer food prices and can be used to assess inflation pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and consumers closely monitor this trend to understand changes in the cost of living.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have a slight delay in reporting.
Similar APU Trends
Average Price: Cabbage (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712401
PADD II (Midwest District) Midgrade All Formulations Gas Price
GASMIDMWW
Average Price: Oranges, Navel (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200711311
Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712407
Average Price: Electricity per Kilowatt-Hour in San Francisco-Oakland-Hayward, CA (CBSA)
APUS49B72610
Average Price: Chuck Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300703213
Citation
U.S. Federal Reserve, Average Price: Spaghetti (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100701321), retrieved from FRED.