Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712404 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-1.51%
Date Range
1/1/1980 - 12/1/1997
Summary
This economic trend tracks the average price of dry yellow onions per pound in the U.S. city average. It provides important insights into food price dynamics and consumer 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: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in U.S. City Average series measures the retail price consumers pay for dry yellow onions across major U.S. cities. This metric is a key indicator of food price inflation and a component of the Consumer Price Index.
Methodology
The data is collected through surveys of retail establishments and households.
Historical Context
Policymakers and analysts use this trend to assess food price pressures and their impact on consumer spending and overall inflation.
Key Facts
- Onions are a dietary staple and major agricultural commodity.
- Dry yellow onions are the most commonly consumed onion variety in the U.S.
- Onion prices can be influenced by weather, trade, and other supply-side factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price consumers pay for dry yellow onions per pound across major U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: Onion prices are an important indicator of food price inflation and consumer purchasing power, making this trend relevant for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess food price pressures and their impact on consumer spending and overall inflation, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on additional survey responses.
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Citation
U.S. Federal Reserve, Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712404), retrieved from FRED.