Average Price: Onions, Green Scallions (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300712405 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
-7.55%
Date Range
5/1/1981 - 7/1/1985
Summary
This economic trend measures the average price per pound of green onions, or scallions, in the urban areas of the South Census Region of the United States. It provides insight into the cost of this common produce item for consumers and businesses.
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, Green Scallions (Cost per Pound/453.6 Grams) in the South Census Region - Urban series tracks the market price of this agricultural commodity. It is used by economists, policymakers, and industry analysts to monitor food price inflation and assess the state of regional produce markets.
Methodology
The data is collected through surveys of retail outlets in the South Census Region and calculated as the average price per standard unit of measurement.
Historical Context
This price trend is relevant for understanding consumer purchasing power and the overall health of the produce supply chain.
Key Facts
- Green onions are a commonly used ingredient in many cuisines.
- The South Census Region includes 16 states from Texas to Virginia.
- Prices can fluctuate due to factors like weather, transportation, and supply-demand dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of green onions, or scallions, sold in urban areas of the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insight into the cost of a common produce item, which is relevant for understanding consumer purchasing power, food price inflation, and the overall health of regional produce markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets in the South Census Region and calculated as the average price per standard unit of measurement.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor food price inflation and assess the state of regional produce markets, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the trend only reflects prices in urban areas of the South Census Region.
Similar APU Trends
Average Price: Steak, Round, Graded and Ungraded, Excluding USDA Prime and Choice (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300703512
Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Size Class B/C
APUN0007471A
Average Price: Electricity per Kilowatt-Hour in the East South Central Census Division
APU036072610
Average Price: Bologna, All Beef or Mixed (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300705121
Average Price: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000FC1101
Average Price: Cabbage (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100712401
Citation
U.S. Federal Reserve, Average Price: Onions, Green Scallions (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300712405), retrieved from FRED.