Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300712407 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
43.54%
Date Range
1/1/1980 - 7/1/1988
Summary
This economic trend measures the average price of corn on the cob per pound in the South Census Region's urban areas. It provides insight into food costs and consumer price dynamics in a key agricultural region.
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: Corn on the Cob (Cost per Pound/453.6 Grams) in the South Census Region - Urban is a data series that tracks the average retail price paid by urban consumers for fresh corn on the cob in the southern United States. This metric is used to analyze food price inflation and household spending patterns.
Methodology
The data is collected through the Consumer Price Index program of the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by policymakers, economists, and market analysts to understand regional agricultural production and distribution costs.
Key Facts
- Corn on the cob is a popular summertime vegetable in the southern U.S.
- Prices can fluctuate based on regional crop yields and transportation costs.
- The South Census Region encompasses 16 states from Texas to Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by urban consumers in the South Census Region for fresh corn on the cob, sold by the pound.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insight into food cost dynamics and consumer spending patterns in a key agricultural region, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Price Index program of the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This corn price trend is closely monitored to understand regional agricultural production and distribution costs, which can inform policy decisions related to food security, trade, and consumer price inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week release lag. Regional price trends may not fully capture localized market conditions.
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Citation
U.S. Federal Reserve, Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300712407), retrieved from FRED.