Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100711312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
136.93%
Date Range
6/1/1980 - 9/1/2006
Summary
This economic trend measures the average retail price of Valencia oranges per pound in the Northeast Census Region's urban areas. It provides insight into consumer food prices and regional market conditions.
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: Oranges, Valencia (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban data series tracks the monthly average price that urban consumers in the Northeast pay for Valencia oranges. This metric is a key indicator of food inflation and consumer purchasing power in the region.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess regional consumer price dynamics and the broader state of the economy.
Key Facts
- Valencia oranges are a popular citrus variety.
- The Northeast region includes 9 states from Maine to Maryland.
- Urban areas account for the majority of the region's population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price that urban consumers in the Northeast Census Region pay for Valencia oranges per pound.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional food price inflation and consumer purchasing power, which are key factors for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast Census Region by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess regional consumer price dynamics and the broader state of the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100711312), retrieved from FRED.