Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712407 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
-18.77%
Date Range
4/1/1980 - 9/1/1990
Summary
This economic trend measures the average price of corn on the cob per pound in the Midwest Census Region's urban areas. It provides insights into the cost of a key agricultural commodity and consumer food item.
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: Corn on the Cob (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of fresh corn on the cob sold in grocery stores and markets across urban areas in the Midwest U.S. This data is used by economists and policymakers to monitor agricultural and consumer price dynamics.
Methodology
The U.S. Bureau of Labor Statistics collects this data through periodic surveys of retail establishments.
Historical Context
This price trend is relevant for understanding consumer food costs, agricultural production, and regional economic conditions.
Key Facts
- Corn is a major agricultural commodity and food staple.
- The Midwest is a key corn-producing region in the U.S.
- Urban consumers purchase a significant portion of total corn sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh corn on the cob sold per pound in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into the cost of a key agricultural commodity and consumer food item, which is useful for monitoring agricultural production, consumer spending, and regional economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through periodic surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess agricultural market dynamics, consumer food costs, and regional economic conditions.
Q: Are there update delays or limitations?
A: This data is published on a regular schedule by the U.S. Bureau of Labor Statistics, with potential lags in availability.
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Citation
U.S. Federal Reserve, Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200712407), retrieved from FRED.