Average Price: Tomatoes, Canned, Any Type, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000714232 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
-1.86%
Date Range
7/1/1995 - 12/1/1997
Summary
This economic trend measures the average price of canned tomatoes in the U.S. city average, providing insight into consumer prices and market conditions for this widely used food item.
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, Any Type, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average is a key economic indicator that tracks the retail price of canned tomatoes. This metric is useful for analyzing consumer spending patterns, inflationary pressures, and the overall health of the food and grocery market.
Methodology
The data is collected through surveys of retail establishments across the United States.
Historical Context
Policymakers and market analysts closely monitor this trend to understand broader consumer price dynamics and their potential impact on household budgets and inflation.
Key Facts
- Canned tomatoes are a staple in many American households.
- The average price of canned tomatoes has remained relatively stable over the past decade.
- Fluctuations in canned tomato prices can impact the budgets of low-income families.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of canned tomatoes, including all types and sizes, across the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns, inflationary pressures, and the overall health of the food and grocery market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to understand broader consumer price dynamics and their potential impact on household budgets and inflation.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the canned tomato market.
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Citation
U.S. Federal Reserve, Average Price: Tomatoes, Canned, Any Type, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000714232), retrieved from FRED.