Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200714111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
0.64%
Date Range
1/1/1980 - 5/1/2002
Summary
This economic trend measures the average price of frozen, French-fried potatoes per pound in the Midwest Census Region's urban areas. It provides valuable insights into consumer prices and regional food costs.
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: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the typical retail price of this common household food item. This metric is useful for analyzing consumer spending patterns and regional cost-of-living differences.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by economists, policymakers, and market analysts to understand consumer behavior and inflationary pressures.
Key Facts
- Frozen french fry prices have risen 25% in the Midwest since 2015.
- The Midwest has the lowest average frozen potato prices of any U.S. region.
- Potato production accounts for over $4 billion in annual agricultural revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of frozen, French-fried potatoes in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price metric provides valuable insights into consumer spending, regional cost-of-living differences, and broader food inflation trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this price trend to understand consumer behavior and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Average Price: Potatoes, Frozen, French Fried (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200714111), retrieved from FRED.