Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712403 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.94
Year-over-Year Change
80.50%
Date Range
1/1/1980 - 5/1/2014
Summary
This economic trend measures the average price of short trimmed and topped carrots per pound in the Midwest Census Region's urban areas. It provides insight into consumer food prices and inflation.
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: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of this common vegetable. It is a key indicator used by economists and policymakers to monitor consumer spending and inflationary pressures.
Methodology
The data is collected through surveys of urban retail stores in the Midwest region.
Historical Context
This price index is used to inform monetary and fiscal policy decisions that impact consumer markets.
Key Facts
- Carrots are a commonly purchased vegetable.
- The Midwest is a major agricultural region.
- Urban consumers are a key demographic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of short trimmed and topped carrots sold per pound in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price index is an important indicator of consumer food costs and inflationary pressures in the Midwest, which is crucial for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban retail stores in the Midwest Census Region.
Q: How is this trend used in economic policy?
A: This price index informs monetary and fiscal policy decisions that impact consumer markets and the broader Midwest economy.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in sampling urban retail stores in the Midwest region.
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Citation
U.S. Federal Reserve, Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200712403), retrieved from FRED.