Average Price: Cherries (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000711418 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.23
Year-over-Year Change
-13.78%
Date Range
6/1/1980 - 7/1/2019
Summary
This trend measures the average price of cherries in the U.S. city average, providing insights into consumer food costs and market conditions.
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: Cherries (Cost per Pound/453.6 Grams) in U.S. City Average series tracks the typical retail price of fresh cherries across major U.S. urban areas. This metric is a key indicator of fruit market dynamics and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Historical Context
Policymakers and economists analyze this trend to assess inflationary pressures and consumer behavior.
Key Facts
- Cherries are a seasonal fruit with volatile pricing.
- Prices typically peak in the summer months.
- The U.S. is a major global producer and exporter of cherries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh cherries across major U.S. urban areas, providing insights into consumer food costs.
Q: Why is this trend relevant for users or analysts?
A: The cherry price trend is an important indicator of fruit market dynamics and consumer purchasing power, which are closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess inflationary pressures and consumer behavior, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into cherry price trends.
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Citation
U.S. Federal Reserve, Average Price: Cherries (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000711418), retrieved from FRED.