Average Price: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300706311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.57
Year-over-Year Change
2.08%
Date Range
1/1/1980 - 10/1/2019
Summary
This economic trend measures the average price per pound of frozen, whole turkeys in the South Census Region's urban areas. It provides insights into consumer spending and food prices, which are important indicators for policymakers and economists.
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: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in the South Census Region - Urban is a key economic indicator that tracks the retail price of a common household food item. It offers insights into consumer demand, supply chain dynamics, and regional price variations.
Methodology
The data is collected through surveys of retailers in the South Census Region's urban areas.
Historical Context
This trend is widely used by economists, market analysts, and policymakers to assess inflationary pressures and consumer purchasing power.
Key Facts
- Turkeys are a common holiday and year-round food item.
- The South Census Region accounts for a significant share of U.S. turkey production.
- Frozen turkey prices can indicate broader food inflation trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of frozen, whole turkeys in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending, food price inflation, and regional price variations, which are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, market analysts, and policymakers to assess inflationary pressures and consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the U.S. Federal Reserve's consumer price index surveys.
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Citation
U.S. Federal Reserve, Average Price: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300706311), retrieved from FRED.