Average Price: Lemons (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100711412 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.89
Year-over-Year Change
-12.57%
Date Range
1/1/1980 - 2/1/2020
Summary
This economic trend measures the average price of lemons per pound in the Northeast Census Region's urban areas. It provides insights into consumer prices and regional food market dynamics.
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: Lemons (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the typical retail price for lemons in urban areas of the Northeast US. This data is used by economists and policymakers to analyze consumer price trends and regional food market conditions.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region's urban areas.
Historical Context
This trend is relevant for understanding consumer purchasing power and regional food price inflation.
Key Facts
- Lemons are a common cooking and baking ingredient.
- The Northeast region includes 9 states and Washington D.C.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of lemons in urban areas of the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer pricing and regional food market dynamics, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used to analyze consumer purchasing power and regional food price inflation, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the survey collection schedule and may have a slight delay in reporting.
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Citation
U.S. Federal Reserve, Average Price: Lemons (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100711412), retrieved from FRED.