Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300712404 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-10.62%
Date Range
1/1/1980 - 7/1/1990
Summary
This economic trend measures the average price of dry yellow onions per pound in the South Census Region's urban areas. It provides insights into the cost and availability of this essential vegetable 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: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the retail price of this common kitchen staple. It is used to monitor inflation, assess consumer purchasing power, and inform agricultural and trade policies.
Methodology
The data is collected through surveys of retail establishments in the South Census Region's urban areas.
Historical Context
This trend is closely watched by economists, policymakers, and the food industry to understand consumer behavior and price dynamics.
Key Facts
- Onions are a dietary staple and major agricultural commodity.
- The South Census Region accounts for a significant share of U.S. onion production.
- Onion prices can be volatile due to weather, trade, and other supply-side factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of dry yellow onions per pound in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: Onion prices are a key indicator of food inflation and consumer purchasing power. This trend is closely monitored by economists, policymakers, and the food industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend informs agricultural and trade policies, as well as measures of consumer price inflation and purchasing power.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions based on additional information.
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Citation
U.S. Federal Reserve, Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300712404), retrieved from FRED.