Average Price: Apple Sauce, Any Variety, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200713311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
-5.06%
Date Range
7/1/1995 - 1/1/1996
Summary
This economic trend measures the average price of apple sauce in the Midwest Census Region's urban areas. It provides insights into consumer price dynamics and food inflation in the region.
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: Apple Sauce, Any Variety, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban is a key indicator tracked by economists and policymakers to understand household spending patterns and the cost of living in the Midwest.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This trend is used to inform monetary policy decisions and monitor consumer price inflation.
Key Facts
- The Midwest region accounts for about 21% of the U.S. population.
- Apple sauce is a popular grocery item for Midwest households.
- Prices can fluctuate due to factors like commodity costs and seasonal demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of apple sauce in the Midwest Census Region's urban areas, providing insights into consumer prices and food inflation in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists and policymakers to understand household spending patterns and the cost of living in the Midwest, which is crucial for informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used to monitor consumer price inflation and inform monetary policy decisions in the Midwest region.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the Federal Reserve's consumer price surveys.
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Citation
U.S. Federal Reserve, Average Price: Apple Sauce, Any Variety, All Sizes (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200713311), retrieved from FRED.