Average Price: Apples, Red Delicious (Cost per Pound/453.6 Grams) in U.S. City Average
This dataset tracks average price: apples, red delicious (cost per pound/453.6 grams) in u.s. city average over time.
Latest Value
1.31
Year-over-Year Change
-10.24%
Date Range
1/1/1980 - 10/1/2017
Summary
The 'Average Price: Apples, Red Delicious (Cost per Pound/453.6 Grams) in U.S. City Average' series tracks the average retail price of red delicious apples in the U.S. It serves as an important indicator of food price inflation and consumer buying power.
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
This data series measures the average price consumers pay for red delicious apples per pound in urban areas across the United States. It is a key economic indicator used to assess food price trends and broader consumer price dynamics.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average.
Historical Context
This apple price trend is closely monitored by policymakers, economists, and market analysts to understand household spending patterns and the state of the broader economy.
Key Facts
- Apples are one of the most commonly purchased fruits in the U.S.
- Red delicious is the most widely grown apple variety in the country.
- Retail apple prices can be influenced by factors like weather, crop yields, and transportation costs.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average retail price consumers pay for red delicious apples per pound in urban areas across the United States.
Q: Why is this trend relevant for users or analysts?
A: Apple prices are an important indicator of food price inflation and consumer buying power, providing insights into household spending patterns and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this apple price trend to understand household spending and the state of the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months, and may not capture all regional or seasonal price variations.
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Citation
U.S. Federal Reserve, Average Price: Apples, Red Delicious (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000711111), retrieved from FRED.