Average Price: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200714231 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
-5.40%
Date Range
1/1/1980 - 1/1/1988
Summary
This economic trend measures the average price of canned, whole tomatoes per pound in the Midwest Census Region's urban areas. It provides insight into consumer prices and food costs for a widely-used household ingredient.
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: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban series tracks the average retail price for this common grocery item. It is used by economists and policymakers to monitor trends in food prices and consumer inflation.
Methodology
The data is collected through surveys of retail stores by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a component of the broader Consumer Price Index, which is a key measure of household purchasing power and inflation.
Key Facts
- Tomatoes are a dietary staple in many U.S. households.
- Canned tomatoes are a convenient, shelf-stable option.
- The Midwest region represents a significant consumer market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of canned, whole tomatoes in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price index provides insight into food costs and consumer inflation for a widely-used household grocery item, which is valuable information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price index is a component of the broader Consumer Price Index, which is a key measure of household purchasing power and inflation used by policymakers.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or geographic limitations, as the series only covers the Midwest Census Region's urban areas.
Similar APU Trends
Average Price: Broccoli (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712412
Global price of Lead
PLEADUSDM
Global price of Swine
PPORKUSDM
Average Price: All Soft Drinks, 12 Pk, 12 Ounce, Cans (Cost per 12 Ounces/354.9 Milliliters) in the Midwest Census Region - Urban
APU0200FN1102
Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class D
APUD20074717
Average Price: Corn, Canned, Any Style, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100714221
Citation
U.S. Federal Reserve, Average Price: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200714231), retrieved from FRED.