Average Price: American Processed Cheese (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400710211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.63
Year-over-Year Change
19.20%
Date Range
11/1/2014 - 9/1/2022
Summary
This economic trend measures the average price of American processed cheese per pound in the West Census Region's urban areas. It provides insight into consumer food prices and price dynamics in a key U.S. geographic market.
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 of American processed cheese in the West Census Region's urban areas is an important metric for understanding consumer spending, inflationary pressures, and regional price variations for this common food item. It is used by economists, policymakers, and market analysts to track changes in household costs and food affordability.
Methodology
The data is collected through surveys of retailers in the West Census Region's urban areas.
Historical Context
Policymakers and analysts use this data to assess consumer purchasing power and the broader cost of living.
Key Facts
- Prices are reported per pound/453.6 grams.
- Data covers the West Census Region's urban areas.
- Series begins in 1978 and is updated monthly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of American processed cheese per pound in the urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer food prices and price dynamics for a common household item, which is useful for assessing inflationary pressures, purchasing power, and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the West Census Region's urban areas.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess consumer purchasing power and the broader cost of living, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The series begins in 1978 and is updated monthly, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Average Price: American Processed Cheese (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400710211), retrieved from FRED.