Average Price: Peppers, Sweet (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712406 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.36
Year-over-Year Change
2.03%
Date Range
1/1/1980 - 5/1/2013
Summary
This economic trend measures the average price of sweet peppers per pound in the Midwest census region's urban areas. It provides valuable insights into consumer prices and food costs for policymakers and analysts.
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: Peppers, Sweet (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail prices of sweet peppers in urban markets across the Midwest. This data is used to monitor inflation, consumer behavior, and regional price dynamics.
Methodology
The data is collected through surveys of retail establishments in the Midwest region.
Historical Context
This trend is relevant for understanding food price inflation and household spending patterns.
Key Facts
- Sweet peppers are a common household vegetable.
- Prices can vary widely by region and season.
- The Midwest is a major agricultural region in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of sweet peppers sold per pound in urban areas of the Midwest census region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important data on consumer food prices and regional price dynamics, which are key indicators for policymakers and economists.
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: This trend is used by economists, policymakers, and market analysts to monitor inflation, consumer spending, and regional price variations.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and regional coverage may not be comprehensive.
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Citation
U.S. Federal Reserve, Average Price: Peppers, Sweet (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200712406), retrieved from FRED.