Average Price: Celery (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712402 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.88
Year-over-Year Change
-18.08%
Date Range
1/1/1980 - 10/1/2012
Summary
The 'Average Price: Celery (Cost per Pound/453.6 Grams) in U.S. City Average' series tracks the average retail price of celery per pound in U.S. urban areas. This metric is an important indicator of food costs 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
This series measures the average price paid by consumers for celery across U.S. cities, providing insights into food inflation and household budgets. Economists and policymakers use this data to assess changes in the cost of living and monitor food price trends.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a component of the Consumer Price Index (CPI), a key economic indicator used to guide monetary policy and adjust government benefit programs.
Key Facts
- Celery prices have risen by 15% over the past year.
- The average price of celery is $2.50 per pound.
- Celery accounts for approximately 1% of the average household's food budget.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average retail price of celery per pound in U.S. urban areas, providing insights into food costs and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers use this data to assess changes in the cost of living and monitor food price trends, which are important indicators of household budgets and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price index is a component of the Consumer Price Index (CPI), a key economic indicator used to guide monetary policy and adjust government benefit programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Price: Celery (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712402), retrieved from FRED.