Average Price: Celery (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712402 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
5.30%
Date Range
1/1/1980 - 7/1/1992
Summary
This economic trend measures the average price of celery per pound in the Midwest Census Region's urban areas. It provides valuable insights into the costs and price fluctuations of this key agricultural commodity.
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: Celery (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of celery in the Midwest's urban markets. This data point is a crucial indicator for understanding the supply, demand, and pricing dynamics of this widely consumed vegetable.
Methodology
The data is collected through periodic surveys of retailers in the Midwest Census Region's urban areas.
Historical Context
This trend is utilized by economists, policymakers, and industry analysts to monitor food price inflation and assess the overall health of the agricultural sector.
Key Facts
- Celery is a widely consumed vegetable in the United States.
- The Midwest Census Region encompasses 12 states, including Illinois, Indiana, and Ohio.
- Tracking celery prices can provide insights into broader food supply and demand dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of celery per pound in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the cost and availability of a widely consumed vegetable, which is crucial for understanding food price inflation and the overall health of the agricultural sector.
Q: How is this data collected or calculated?
A: The data is collected through periodic surveys of retailers in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to monitor food price inflation and assess the overall health of the agricultural sector.
Q: Are there update delays or limitations?
A: The data is updated 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: Celery (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200712402), retrieved from FRED.