Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: carrots, short trimmed and topped (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
0.58
Year-over-Year Change
0.17%
Date Range
1/1/1980 - 10/1/1996
Summary
This economic trend measures the average price of short trimmed and topped carrots per pound in the Northeast Census Region's urban areas. It provides insights into consumer price dynamics and regional market conditions for this common vegetable.
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: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban is a key indicator tracked by economists and policymakers to understand food price trends and consumer purchasing power in the Northeastern United States.
Methodology
The data is collected through surveys of retailers and producers by the U.S. Bureau of Labor Statistics.
Historical Context
This series informs analyses of regional food inflation, consumer spending, and agricultural market conditions.
Key Facts
- Carrots are a common, affordable vegetable consumed across the U.S.
- The Northeast region includes 9 states and accounts for about 18% of the U.S. population.
- Tracking carrot prices can provide insights into broader agricultural and food supply chain dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of short trimmed and topped carrots in urban areas of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional food price inflation, consumer purchasing power, and agricultural market conditions in a key U.S. geographic region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and producers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to monitor regional consumer price dynamics and inform decisions around issues like food security, social welfare programs, and agricultural policy.
Q: Are there update delays or limitations?
A: This series is published monthly with a typical 1-2 month delay, and may not capture all pricing variations across individual retailers or local markets.
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Citation
U.S. Federal Reserve, Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100712403), retrieved from FRED.