Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000711312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
-4.27%
Date Range
6/1/1980 - 8/1/2013
Summary
This trend measures the average retail price per pound of Valencia oranges in the U.S. city average. It provides valuable insights into consumer food prices 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: Oranges, Valencia (Cost per Pound/453.6 Grams) in U.S. City Average tracks the typical price consumers pay for this popular citrus fruit. The data is used by economists and policymakers to monitor food price trends and their impact on consumer spending and inflation.
Methodology
The U.S. Bureau of Labor Statistics collects this price data through regular surveys of retail outlets nationwide.
Historical Context
This economic indicator is closely watched for its relevance to consumer price inflation and household budgets.
Key Facts
- Valencia oranges are a popular variety of sweet orange.
- The average price is calculated per pound (453.6 grams).
- Prices are tracked across the U.S. city average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound that consumers pay for Valencia oranges in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer food prices and inflation, which are key factors in household budgets and economic policymaking.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this price data through regular surveys of retail outlets nationwide.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by economists and policymakers for its relevance to consumer price inflation and household spending patterns.
Q: Are there update delays or limitations?
A: The price data is published regularly with minimal delay, providing timely insights into this key economic indicator.
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Citation
U.S. Bureau of Labor Statistics, Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000711312), retrieved from FRED.