Average Price: Beans, Green, Snap (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712410 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
14.55%
Date Range
1/1/1980 - 2/1/1989
Summary
This economic trend measures the average retail price of green, snap beans per pound in the U.S. city average. It provides insight into food price trends 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: Beans, Green, Snap (Cost per Pound/453.6 Grams) in U.S. City Average tracks the monthly price of this common vegetable at the retail level. It is used by economists and policymakers to monitor food inflation and consumer behavior.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Historical Context
This price trend is relevant for understanding household budgets, consumer confidence, and broader food price inflation.
Key Facts
- Green beans are a common vegetable in the U.S. diet.
- Prices can fluctuate based on supply, weather, and other factors.
- This data helps track affordability of a key grocery item.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of green, snap beans in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into food inflation and consumer purchasing power for a common household grocery item.
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.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor food price inflation and consumer behavior.
Q: Are there update delays or limitations?
A: This data is released monthly with a short update delay, providing timely information on green bean prices.
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Citation
U.S. Federal Reserve, Average Price: Beans, Green, Snap (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712410), retrieved from FRED.