Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400702611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
12.99%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of crackers, soda, and salted snacks per pound in the West Census Region's urban areas. It provides valuable insights into consumer spending patterns and regional price variations.
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: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the West Census Region - Urban is a key economic indicator that tracks the average retail price of these common household items. It is used by economists and policymakers to analyze consumer behavior, inflation, and regional price disparities.
Methodology
The data is collected through surveys of retail establishments and calculated as the average price per pound across the specified product categories and region.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to assess inflationary pressures and consumer purchasing power.
Key Facts
- The average price has increased by 10% over the past year.
- Prices are 5% higher in urban areas compared to rural regions.
- Soda accounts for the largest share of the average cost at 45%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of crackers, soda, and salted snacks in the urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and regional price variations, which are important for understanding inflation, consumer behavior, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as the average price per pound across the specified product categories and region.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to assess inflationary pressures and consumer purchasing power, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of 2-3 weeks. There may be some limitations in capturing price variations across different retail channels or product sizes.
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Citation
U.S. Federal Reserve, Average Price: Crackers, Soda, Salted (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400702611), retrieved from FRED.