Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000714111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-7.68%
Date Range
1/1/1980 - 2/1/2005
Summary
This economic trend measures the average price of frozen, French-fried potatoes in the U.S. city average. It provides valuable insights into consumer food prices and can inform policymakers and market analysts.
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: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in U.S. City Average tracks the typical retail price paid by consumers for this common frozen potato product. It is an important indicator of food inflation and household spending patterns.
Methodology
The data is collected through the Consumer Price Index (CPI) survey, which samples prices across the United States.
Historical Context
This price trend is closely monitored by policymakers, economists, and the food industry to understand consumer behavior and the state of the broader economy.
Key Facts
- Frozen French fries are a popular household food item.
- Prices for this product can fluctuate due to factors like commodity costs and supply chain issues.
- Monitoring this trend can provide insights into consumer purchasing power and the overall cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for frozen, French-fried potatoes in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price trend is an important indicator of food inflation and household spending patterns, providing valuable insights for policymakers, economists, and the food industry.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Price Index (CPI) survey, which samples prices across the United States.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and the food industry to understand consumer behavior and the state of the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential limitations of the Consumer Price Index survey.
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Citation
U.S. Federal Reserve, Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000714111), retrieved from FRED.