Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: carrots, short trimmed and topped (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
0.54
Year-over-Year Change
-1.10%
Date Range
1/1/1980 - 4/1/2000
Summary
This economic trend measures the average price per pound of short trimmed and topped carrots in the South Census Region's urban areas. It provides insight into the cost of a key vegetable commodity for consumers and policymakers.
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: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the retail price of this common produce item. It is used to monitor food inflation, understand consumer purchasing power, and inform agricultural policy decisions.
Methodology
The data is collected through surveys of urban retailers in the South Census Region.
Historical Context
This carrot price index is relevant for analyzing consumer spending patterns and the state of regional food markets.
Key Facts
- Carrots are a common, affordable vegetable consumed across income levels.
- The South Census Region accounts for over 1/3 of the U.S. population.
- Food prices are a key component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of short trimmed and topped carrots in urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: Carrot prices provide insight into food inflation, consumer purchasing power, and regional market conditions for a common vegetable.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban retailers in the South Census Region.
Q: How is this trend used in economic policy?
A: This carrot price index is used by economists and policymakers to analyze consumer spending, food market dynamics, and regional economic conditions.
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: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300712403), retrieved from FRED.