Average Price: Tomatoes, Field Grown (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.74
Year-over-Year Change
-5.75%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend tracks the average price per pound of field-grown tomatoes in the U.S. city average. It provides insight into the cost of a key agricultural commodity and consumer good.
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: Tomatoes, Field Grown (Cost per Pound/453.6 Grams) in U.S. City Average is a price index that measures the average retail price of field-grown tomatoes sold across U.S. urban areas. It is an important indicator of food price inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retailers and aggregated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and food industry analysts to assess broader economic conditions and consumer behavior.
Key Facts
- Tomatoes are one of the most widely consumed vegetables in the U.S.
- Field-grown tomatoes account for over 90% of total tomato production in the country.
- Tomato prices can be volatile due to weather, pests, and other supply-side factors.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price per pound of field-grown tomatoes sold across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: Tomato prices are an important indicator of food price inflation and consumer purchasing power, making this trend relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and aggregated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess broader economic conditions and consumer behavior, which can inform decisions and policies related to inflation, food security, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Average Price: Tomatoes, Field Grown (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712311), retrieved from FRED.