Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100712404 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
26.25%
Date Range
1/1/1980 - 2/1/1996
Summary
This economic trend measures the average price of dry yellow onions per pound in the Northeast Census Region's urban areas. It provides insight into the cost of a key food commodity and can inform agricultural and consumer price policies.
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: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban is a data series that tracks the average retail price of this vegetable in major Northeastern metropolitan areas. It is used by economists, policymakers, and market analysts to monitor food price trends and inflation.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is relevant for understanding consumer spending, agricultural supply chains, and regional price variations.
Key Facts
- Onions are a staple vegetable in many cuisines.
- Prices can fluctuate due to weather, supply, and transportation costs.
- The Northeast region accounts for a significant share of U.S. onion consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of dry yellow onions per pound in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insight into the cost of a key food commodity and can inform agricultural and consumer price policies.
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 price trend is relevant for understanding consumer spending, agricultural supply chains, and regional price variations.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and geographic coverage of the Bureau of Labor Statistics' surveys.
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Citation
U.S. Federal Reserve, Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100712404), retrieved from FRED.