Average Price: Apples, Red Delicious (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300711111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.31
Year-over-Year Change
0.46%
Date Range
1/1/1980 - 10/1/2017
Summary
This trend measures the average price of Red Delicious apples per pound in the urban South census region. It provides insight into fruit price dynamics and consumer purchasing power in a key U.S. market.
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: Apples, Red Delicious (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the retail price of this popular apple variety across urban areas in the southern United States. It is a valuable economic indicator for understanding food inflation and consumer behavior.
Methodology
The data is collected through surveys of food retailers in the region.
Historical Context
This price trend is monitored by economists, policymakers, and market analysts to assess household spending and the state of the produce industry.
Key Facts
- Red Delicious is the most widely grown apple variety in the U.S.
- The South census region accounts for over 20% of the U.S. population.
- Apple prices can fluctuate seasonally due to supply and demand factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of Red Delicious apples per pound in urban areas of the southern United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into regional food price dynamics and consumer purchasing power, which are key considerations for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the southern U.S. region.
Q: How is this trend used in economic policy?
A: This price trend is monitored to assess household spending, food inflation, and the state of the produce industry, which inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Apples, Red Delicious (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300711111), retrieved from FRED.