Average Price: Bananas (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400711211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
3.62%
Date Range
1/1/1980 - 3/1/2025
Summary
This economic trend measures the average price of bananas per pound in the West Census Region of the United States, focusing on urban areas. It provides valuable insights into consumer food prices and cost-of-living dynamics.
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: Bananas (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the retail price of bananas in a key geographic region, offering economists and policymakers data on regional price variations and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to monitor inflation, household budgets, and consumer behavior in regional markets.
Key Facts
- Bananas are a staple food item in many U.S. households.
- The West Census Region includes 13 states, from Washington to New Mexico.
- Prices can vary significantly between urban and rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of bananas per pound in the urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into regional consumer food prices and cost-of-living dynamics, which are important for economists, policymakers, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used to monitor inflation, household budgets, and consumer behavior in regional markets, informing economic policies and forecasting.
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 or specialty retail outlets.
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Citation
U.S. Federal Reserve, Average Price: Bananas (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400711211), retrieved from FRED.