Average Price: Radishes (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712408 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
2.73%
Date Range
1/1/1980 - 2/1/1989
Summary
This economic trend measures the average price of radishes per pound in the U.S. city average. It provides insight into food price dynamics 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
The Average Price: Radishes (Cost per Pound/453.6 Grams) in U.S. City Average tracks the typical retail price for this popular vegetable across major urban areas. It is a key indicator of food inflation and consumer affordability.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average.
Historical Context
Policymakers and market analysts use this trend to assess consumer price pressures and the state of the food economy.
Key Facts
- Radishes are a common, affordable vegetable.
- Prices are tracked at the retail level in major U.S. cities.
- Data is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of radishes per pound in the United States. It provides insight into food price dynamics and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The radish price trend is an important indicator of food inflation and consumer affordability. It helps policymakers and market analysts assess the state of the food economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a national average price per pound of radishes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor consumer price pressures and the overall state of the food economy, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The radish price data is published monthly by the U.S. Bureau of Labor Statistics with minimal delays. However, it may not capture all regional price variations within the national average.
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Citation
U.S. Federal Reserve, Average Price: Radishes (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712408), retrieved from FRED.