Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200705121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.19
Year-over-Year Change
-11.21%
Date Range
1/1/1980 - 4/1/2017
Summary
This economic trend measures the average price of bologna, an all-beef or mixed meat product, in the Midwest Census Region of the United States. It provides insight into consumer food prices and inflation patterns within this geographic area.
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: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the typical retail price of this common luncheon meat. This data is used by economists and policymakers to analyze regional consumer behavior and assess the impact of factors like supply chains, seasonal variations, and economic conditions on food affordability.
Methodology
The data is collected through surveys of retail establishments in the Midwest region.
Historical Context
This price trend is relevant for understanding household consumption patterns and cost-of-living dynamics.
Key Facts
- Prices are reported in U.S. dollars per pound.
- Data is collected monthly since 1978.
- The Midwest region includes 12 states in the central U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bologna, an all-beef or mixed meat product, in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insight into consumer food costs and regional inflation patterns, which is useful for economists, policymakers, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest region.
Q: How is this trend used in economic policy?
A: This price trend is relevant for understanding household consumption patterns and cost-of-living dynamics, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200705121), retrieved from FRED.