Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in U.S. City Average
This dataset tracks average price: carrots, short trimmed and topped (cost per pound/453.6 grams) in u.s. city average over time.
Latest Value
0.76
Year-over-Year Change
-0.78%
Date Range
1/1/1980 - 3/1/2014
Summary
This economic trend tracks the average price of short trimmed and topped carrots per pound in the U.S. city average. It provides valuable insights into consumer food prices and inflationary pressures.
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: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in U.S. City Average series represents the typical retail price for this common vegetable across major U.S. metropolitan areas. It is a key indicator of consumer spending and food inflation.
Methodology
The data is collected through surveys of retailers and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the state of the broader food market and household purchasing power.
Key Facts
- Carrots are a commonly purchased vegetable in the U.S.
- Prices can fluctuate due to factors like weather, transportation costs, and supply chain disruptions.
- This metric provides granular data on a specific food item rather than broad food price indexes.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price of short trimmed and topped carrots per pound in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer spending patterns and inflationary pressures in the food market, which are important indicators for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the state of the broader food market and household purchasing power, which informs decisions on interest rates, inflation targeting, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712403), retrieved from FRED.