Average Price: Bananas (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200711211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
6.77%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of bananas per pound in the Midwest Census Region's urban areas. It provides valuable insights into consumer price dynamics and inflation for a widely consumed food item.
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: Bananas (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the retail price of bananas in urban areas of the Midwest, a key economic region. This data point is used by economists and policymakers to analyze consumer spending patterns and monitor inflationary pressures.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region.
Historical Context
This banana price trend is relevant for assessing the cost of living, consumer behavior, and the overall state of the economy.
Key Facts
- Bananas are a dietary staple and one of the most widely consumed fruits globally.
- The Midwest is a major agricultural and economic region in the United States.
- Tracking food prices is crucial for monitoring inflation and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bananas per pound in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This banana price data provides important insights into consumer spending patterns, cost of living, and inflationary pressures in the Midwest economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this banana price trend to assess the state of the Midwest economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Average Price: Bananas (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200711211), retrieved from FRED.