Average Price: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000714231 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
11.18%
Date Range
1/1/1980 - 2/1/1988
Summary
This economic trend measures the average price of canned, whole tomatoes per pound in the U.S. city average. It provides insights into consumer food prices and inflation.
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: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in U.S. City Average is a key indicator of consumer food prices. It tracks the typical retail cost of this common grocery item across major U.S. urban areas.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Historical Context
This trend is used by economists, policymakers, and market analysts to monitor food price inflation and consumer purchasing power.
Key Facts
- Tomatoes are a dietary staple in the U.S.
- Canned tomatoes are a convenient, shelf-stable option.
- Prices can fluctuate due to supply, demand, and other economic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of canned, whole tomatoes sold per pound in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer food prices and inflation, which are key indicators of economic conditions and household purchasing power.
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: Economists, policymakers, and market analysts use this trend to monitor food price inflation and its impact on consumer spending and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on this important consumer price indicator.
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Citation
U.S. Federal Reserve, Average Price: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000714231), retrieved from FRED.