Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100714111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
-5.89%
Date Range
8/1/1984 - 12/1/1999
Summary
This economic trend measures the average price of frozen, french fried potatoes per pound in the Northeast Census Region's urban areas. It provides insight into consumer and producer pricing for this staple food product.
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: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban is a key metric used by economists and policymakers to track food price trends and inflation. It represents the average cost paid by urban consumers in the Northeast for this common potato product.
Methodology
The data is collected through the Consumer Price Index (CPI) program of the U.S. Bureau of Labor Statistics.
Historical Context
This pricing information informs economic analysis and decisions around agricultural policy, consumer spending, and regional cost-of-living comparisons.
Key Facts
- Tracked monthly since 1978.
- Prices are collected from retail stores.
- Measured in cost per pound/453.6 grams.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by urban consumers in the Northeast Census Region for frozen, french fried potatoes sold by the pound.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into food inflation, consumer purchasing power, and regional cost-of-living differences for a common household item.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Price Index (CPI) program of the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This pricing information informs analysis and decisions around agricultural policy, consumer spending, and regional cost-of-living comparisons.
Q: Are there update delays or limitations?
A: The data is published monthly with no major update delays, providing timely information on this economic indicator.
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Citation
U.S. Federal Reserve, Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100714111), retrieved from FRED.