Average Price: Peaches (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000711414 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.09
Year-over-Year Change
1.46%
Date Range
6/1/1980 - 8/1/2020
Summary
This trend measures the average retail price of peaches per pound (453.6 grams) in the U.S. It is an important indicator of fruit price inflation and consumer purchasing 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
The Average Price: Peaches (Cost per Pound/453.6 Grams) in U.S. City Average series tracks the monthly average price charged by retailers for fresh peaches across major U.S. cities. It is a key data point for economists and policymakers monitoring agricultural and consumer price trends.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used to assess inflationary pressures and household spending on produce.
Key Facts
- Peaches are a commonly consumed summer fruit in the U.S.
- Prices tend to peak in the summer months as supply increases.
- Peach prices can be impacted by factors like weather and trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price charged for fresh peaches per pound (453.6 grams) across major U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: The peach price trend is an important indicator of agricultural and consumer price inflation that is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Peach prices are used to assess inflationary pressures and household spending patterns on produce, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Average Price: Peaches (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000711414), retrieved from FRED.