Average Price: Grapes, Emperor or Tokay (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200711416 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.88
Year-over-Year Change
-24.16%
Date Range
1/1/1980 - 12/1/1986
Summary
This economic trend measures the average price per pound of grapes, specifically Emperor or Tokay varieties, in the Midwest Census Region's urban areas. It provides insights into the costs faced by consumers and the broader state of the grape market.
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: Grapes, Emperor or Tokay (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of these grape varieties in the Midwest's urban areas. This data is used by economists and policymakers to analyze consumer spending patterns, the cost of living, and the overall performance of the fruit and vegetable market.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This trend is relevant for understanding the economic conditions faced by consumers and the broader dynamics of the grape market.
Key Facts
- Grapes are a popular fruit with a wide range of culinary and nutritional uses.
- The Midwest is a major grape-producing region in the United States.
- Tracking grape prices helps economists understand consumer spending and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of Emperor or Tokay grapes in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending, the cost of living, and the overall performance of the grape and fruit market, which are key factors for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used by economists, market analysts, and policymakers to monitor consumer price changes, inflation, and the broader dynamics of the agricultural and fruit markets.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates, and the trend may not capture all price variations across different retail outlets or geographic areas within the Midwest Census Region.
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Citation
U.S. Federal Reserve, Average Price: Grapes, Emperor or Tokay (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200711416), retrieved from FRED.