Average Price: Broccoli (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712412 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.97
Year-over-Year Change
-6.76%
Date Range
7/1/1995 - 3/1/2020
Summary
The Average Price: Broccoli (Cost per Pound/453.6 Grams) in U.S. City Average tracks the average retail price paid by consumers for broccoli across the United States. This metric is a key indicator of 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
This economic series measures the average price per pound paid by U.S. consumers for fresh broccoli. It is a widely-used benchmark for tracking changes in food costs and consumer behavior, with applications in market analysis, economic policy, and household budgeting.
Methodology
The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor broccoli and other food prices to assess the state of consumer inflation and purchasing power.
Key Facts
- Broccoli is a nutrient-dense vegetable commonly consumed in the United States.
- The average price of broccoli has risen by 20% over the past 5 years.
- Fluctuations in broccoli prices can impact household budgets and grocery spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by U.S. consumers for fresh broccoli per pound across the country.
Q: Why is this trend relevant for users or analysts?
A: Tracking broccoli prices is important for understanding consumer inflation, household purchasing power, and food cost trends.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state of consumer prices and purchasing power, which informs economic policies and market analysis.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may not fully capture regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Broccoli (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712412), retrieved from FRED.