Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200711312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.96
Year-over-Year Change
-9.76%
Date Range
6/1/1980 - 9/1/2012
Summary
This trend measures the average price of Valencia oranges per pound in the Midwest Census Region's urban areas. It provides insight into the cost of this key produce item for consumers and businesses.
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: Oranges, Valencia (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban metric tracks the market price of this specific type of orange in the Midwest's urban centers. It is a key indicator of produce costs and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments in the Midwest region.
Historical Context
This trend is used by economists and policymakers to assess food price inflation and consumer spending patterns.
Key Facts
- Oranges are a major fruit crop in the U.S.
- The Midwest region is a significant producer and consumer of oranges.
- Prices of produce can impact household budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of Valencia oranges in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost of a key fruit item for Midwest consumers and businesses, which is useful for analyzing food price inflation and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest region.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess food cost inflation and consumer purchasing power in the Midwest.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only covers urban areas in the Midwest region.
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Citation
U.S. Federal Reserve, Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200711312), retrieved from FRED.