Average Price: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200702212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.93
Year-over-Year Change
8.82%
Date Range
1/1/1980 - 10/1/2020
Summary
This economic trend measures the average price of whole wheat bread in the Midwest region of the United States. It is an important indicator of consumer food prices and cost-of-living dynamics 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: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the average retail price paid by urban consumers for a pound of whole wheat bread in the Midwest. This metric is used by economists and policymakers to understand changes in regional food costs and consumer purchasing power.
Methodology
The data is collected through the Bureau of Labor Statistics' consumer price index (CPI) survey.
Historical Context
This price trend is closely monitored by the Federal Reserve and other institutions to assess regional inflationary pressures.
Key Facts
- Whole wheat bread prices have risen 15% in the Midwest over the past 5 years.
- The Midwest region accounts for 22% of the total U.S. population.
- Bread is a staple food item in the typical Midwest household budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by urban consumers in the Midwest region for a pound of whole wheat bread.
Q: Why is this trend relevant for users or analysts?
A: This price metric is an important indicator of regional food costs and consumer purchasing power, which are closely tracked by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' consumer price index (CPI) survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor this price trend to assess regional inflationary pressures and the impact on consumer budgets.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may not capture all regional variation in bread prices.
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Citation
U.S. Federal Reserve, Average Price: Bread, Whole Wheat, Pan (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200702212), retrieved from FRED.