Average Price: Onions, Green Scallions (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712405 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.29
Year-over-Year Change
18.82%
Date Range
1/1/1980 - 7/1/1987
Summary
This economic trend measures the average price per pound of green onions, or scallions, in the U.S. city average. It provides insight into fluctuations in the cost of this common produce item.
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, Green Scallions (Cost per Pound/453.6 Grams) in U.S. City Average is a key statistic for tracking changes in the price of this popular vegetable. It is used by economists, policymakers, and industry analysts to understand broader food price dynamics.
Methodology
This data is collected through the Bureau of Labor Statistics' Consumer Price Index (CPI) program.
Historical Context
Monitoring the price of green onions can provide useful context for assessing overall food price inflation and consumer purchasing power.
Key Facts
- Green onions are a common ingredient in many cuisines.
- Prices can be impacted by factors like weather and transportation costs.
- This data is released monthly as part of the Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of green onions, also known as scallions, in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: Tracking the price of green onions provides insight into broader food price dynamics and consumer purchasing power.
Q: How is this data collected or calculated?
A: This data is collected through the Bureau of Labor Statistics' Consumer Price Index (CPI) program.
Q: How is this trend used in economic policy?
A: Monitoring green onion prices can provide useful context for assessing overall food price inflation and consumer spending patterns.
Q: Are there update delays or limitations?
A: This data is released monthly as part of the broader Consumer Price Index.
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Citation
U.S. Federal Reserve, Average Price: Onions, Green Scallions (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712405), retrieved from FRED.