Average Price: Grapefruit (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100711411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
-29.45%
Date Range
1/1/1980 - 2/1/2020
Summary
This economic trend measures the average price of grapefruit per pound in the Northeast Census Region's urban areas. It provides important data on consumer prices and food costs for economists and policymakers.
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: Grapefruit (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban tracks the market price of fresh grapefruit in the Northeastern United States. This data point is a key indicator of food inflation and consumer purchasing power in the region.
Methodology
The U.S. Bureau of Labor Statistics collects this data through regular surveys of retailers in urban areas of the Northeast.
Historical Context
This economic indicator helps inform policy decisions related to the cost of living, consumer spending, and regional food prices.
Key Facts
- Grapefruit is a popular citrus fruit in the Northeast.
- Prices can fluctuate due to supply, weather, and transportation costs.
- Urban consumers typically pay more for produce than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of grapefruit per pound in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into regional food costs and consumer price inflation, which are key factors for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through regular surveys of retailers in urban areas of the Northeast.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions related to the cost of living, consumer spending, and regional food prices.
Q: Are there update delays or limitations?
A: There may be a short lag in data reporting, but the series is updated regularly by the statistical agency.
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Citation
U.S. Federal Reserve, Average Price: Grapefruit (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100711411), retrieved from FRED.