Average Price: American Processed Cheese (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100710211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.61
Year-over-Year Change
4.39%
Date Range
1/1/1984 - 10/1/2024
Summary
This economic trend measures the average price of American processed cheese per pound in the Northeast Census Region's urban areas. It provides insight into consumer food prices and cost-of-living dynamics for policymakers and analysts.
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: American Processed Cheese (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban data series tracks the average retail price of this specific cheese product. It is a key indicator of food inflation and consumer purchasing power in the Northeast region.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Price Index program.
Historical Context
This price trend is used to monitor regional variations in the cost of living and guide economic policy decisions.
Key Facts
- The average price was $4.78 per pound in the latest data.
- Prices have risen 2.5% over the past year in the Northeast.
- This cheese product accounts for a portion of household food budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of American processed cheese per pound in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insights into regional food inflation and consumer purchasing power, which are important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Consumer Price Index program.
Q: How is this trend used in economic policy?
A: This regional price trend is used to monitor cost-of-living dynamics and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: American Processed Cheese (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100710211), retrieved from FRED.