Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712404 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
0.46%
Date Range
1/1/1980 - 9/1/1990
Summary
This economic trend measures the average price of dry yellow onions per pound in the Midwest Census Region's urban areas. It provides valuable insights into regional food price dynamics and consumer purchasing power.
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: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the market price of a common household grocery item. This data point is useful for analyzing regional consumer price inflation and assessing the economic well-being of Midwest residents.
Methodology
The U.S. Bureau of Labor Statistics collects this data through regular price surveys of retail establishments.
Historical Context
Policymakers and market analysts use this metric to understand broader food price trends and their impact on regional consumer spending.
Key Facts
- Onions are a dietary staple and a key component of the Consumer Price Index.
- The Midwest region accounts for over a quarter of the U.S. population.
- Dry yellow onions are a common variety used in a wide range of cuisines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of dry yellow onions in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional food price dynamics and consumer purchasing power, which are important considerations for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through regular price surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to understand broader food price trends and their impact on regional consumer spending.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential limitations of the underlying price survey methodology.
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Citation
U.S. Federal Reserve, Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200712404), retrieved from FRED.