Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100704311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
20.96%
Date Range
1/1/1980 - 12/1/1986
Summary
This economic trend measures the average price per pound for bone-in, smoked ham in the Northeast Census Region's urban areas. It provides insight into a key component of consumer food prices in the region.
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: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the retail cost of this specific type of ham product. It is a useful indicator of food inflation and consumer purchasing power in the Northeast.
Methodology
The data is collected through surveys of food retailers in the Northeast Census Region's urban areas.
Historical Context
This price trend is monitored by economists, policymakers, and market analysts to assess regional consumer price dynamics.
Key Facts
- Ham is a common protein in Northeast US diets.
- Bone-in, smoked ham is a premium product category.
- Prices can fluctuate based on supply, demand, and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for bone-in, smoked ham in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into a key component of consumer food prices in the Northeast, which is useful for assessing regional economic conditions and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This price trend is monitored by economists, policymakers, and market analysts to assess regional consumer price dynamics and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of consumer price surveys in the Northeast region.
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Citation
U.S. Federal Reserve, Average Price: Ham, Rump or Shank Half, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100704311), retrieved from FRED.