Average Price: Orange Juice, Frozen Concentrate, 12 Ounce Can (Cost per 16 Ounces/473.2 Milliliters) in the Northeast Census Region - Urban
APU0100713111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.98
Year-over-Year Change
42.48%
Date Range
1/1/1980 - 9/1/2012
Summary
This economic trend measures the average price of frozen concentrated orange juice in the Northeast Census Region's urban areas. It provides insights into consumer purchasing patterns and is useful for analyzing food price inflation.
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: Orange Juice, Frozen Concentrate, 12 Ounce Can (Cost per 16 Ounces/473.2 Milliliters) in the Northeast Census Region - Urban' series tracks the average retail price of this common household item. It helps economists and policymakers understand regional consumer behavior and the impact of factors like supply chain disruptions on food prices.
Methodology
The data is collected through surveys of retail establishments in the Northeast region.
Historical Context
This price trend is relevant for understanding consumer inflation and the state of regional food markets.
Key Facts
- Prices are reported per 16 ounces (473.2 milliliters).
- The Northeast Census Region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Urban areas account for a majority of consumer purchases in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of frozen concentrated orange juice in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into regional consumer purchasing patterns and is useful for analyzing food price inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast region.
Q: How is this trend used in economic policy?
A: This price trend is relevant for understanding consumer inflation and the state of regional food markets.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into this regional economic indicator.
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Citation
U.S. Federal Reserve, 'Average Price: Orange Juice, Frozen Concentrate, 12 Ounce Can (Cost per 16 Ounces/473.2 Milliliters) in the Northeast Census Region - Urban' (APU0100713111), retrieved from FRED.