Average Price: Cabbage (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100712401 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
1.74%
Date Range
1/1/1980 - 9/1/1997
Summary
This economic trend measures the average price of cabbage per pound in the Northeast Census Region of the United States, specifically in urban areas. It provides insight into the cost of this key agricultural commodity for consumers and businesses.
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: Cabbage (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the market price of cabbage, a commonly consumed vegetable, in the Northeastern United States. This data point is used by economists and policymakers to monitor food price inflation and understand regional variations in the cost of living.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding consumer spending patterns and the overall state of the regional food market.
Key Facts
- Cabbage is a common and affordable vegetable.
- The Northeast region has a diverse food market.
- Prices can vary significantly by geographic location.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of cabbage per pound in the Northeastern United States, focusing specifically on urban areas.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for monitoring food price inflation, understanding regional cost-of-living variations, and analyzing consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator provides insights into the regional food market that can inform policy decisions related to consumer spending, agricultural subsidies, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a lag of several weeks between the reference period and the data release.
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Citation
U.S. Federal Reserve, Average Price: Cabbage (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100712401), retrieved from FRED.