Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400704111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
1.57%
Date Range
1/1/1980 - 6/1/2025
Summary
This trend measures the average price of sliced bacon per pound in the West Census Region's urban areas. It provides valuable insights into consumer food costs and inflation.
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: Bacon, Sliced (Cost per Pound/453.6 Grams) in the West Census Region - Urban metric tracks the retail price of a common household item. It is used by economists and policymakers to monitor changes in consumer purchasing power and food-related inflation.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This bacon price trend is relevant for assessing the state of the consumer economy and informing policy decisions.
Key Facts
- Bacon is a common breakfast food item.
- Prices can fluctuate due to changes in supply and demand.
- The West Census Region includes 13 states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of sliced bacon per pound in the West Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This bacon price metric provides important insights into consumer food costs and can signal broader inflationary trends in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer purchasing power and make informed decisions about economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and it may not fully capture regional variations within the West Census Region.
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Citation
U.S. Federal Reserve, Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400704111), retrieved from FRED.