Average Price: Grapes, Thompson Seedless (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000711417 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.36
Year-over-Year Change
11.22%
Date Range
7/1/1980 - 9/1/2021
Summary
This economic trend measures the average price of Thompson Seedless grapes per pound in the U.S. city average. It provides insight 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: Grapes, Thompson Seedless (Cost per Pound/453.6 Grams) in U.S. City Average tracks the retail price of this common grape variety across urban areas. It is a key indicator of fresh produce costs and can be used to assess broader food price trends.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average.
Historical Context
This grape price index is monitored by economists, policymakers, and market analysts to understand consumer spending and inflationary pressures.
Key Facts
- Thompson Seedless is a major table grape variety.
- Grape prices can fluctuate seasonally and by region.
- Grapes are a component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of Thompson Seedless grapes across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: Grape prices are an important indicator of food inflation and consumer spending on fresh produce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a national average.
Q: How is this trend used in economic policy?
A: Grape prices are monitored by economists and policymakers to assess consumer price pressures and broader inflationary trends.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: Grapes, Thompson Seedless (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000711417), retrieved from FRED.