Average Price: Broccoli (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712412 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.73
Year-over-Year Change
17.61%
Date Range
7/1/1995 - 12/1/2017
Summary
This economic trend measures the average price of broccoli per pound in the Midwest Census Region's urban areas. It provides crucial insights into 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: Broccoli (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban tracks the retail price of broccoli, a key vegetable in the consumer basket. This data series is widely used by economists and policymakers to assess food inflation and household spending patterns.
Methodology
The data is collected through surveys of retail outlets in the Midwest region.
Historical Context
This trend is a valuable input for analyzing household budgets, food security, and the overall state of the Midwest economy.
Key Facts
- Broccoli is a nutritious, green vegetable high in vitamins and minerals.
- The Midwest region includes 12 states, including Illinois, Indiana, and Ohio.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of broccoli 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 food price dynamics and consumer purchasing power in the Midwest, which is crucial for assessing household budgets and the overall state of the regional economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze food inflation, household spending patterns, and the overall state of the Midwest economy.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a lag of several weeks between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Average Price: Broccoli (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200712412), retrieved from FRED.