Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400711312 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
10.30%
Date Range
6/1/1980 - 9/1/2010
Summary
This economic trend measures the average price per pound of Valencia oranges in the West Census Region's urban areas. It provides insights into the cost of a key agricultural commodity and can inform economic analysis and policy decisions.
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: Oranges, Valencia (Cost per Pound/453.6 Grams) in the West Census Region - Urban series tracks the retail price of this popular citrus fruit. It is a useful indicator of agricultural market conditions and consumer purchasing power in a key geographic region.
Methodology
The data is collected through surveys of urban consumers in the West Census Region.
Historical Context
This price trend is relevant for policymakers, market analysts, and businesses monitoring agricultural market dynamics.
Key Facts
- Valencia oranges are a popular variety known for their sweetness.
- The West Census Region includes 13 states, including California and Washington.
- Prices are reported in U.S. dollars per pound (453.6 grams).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of Valencia oranges per pound in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into agricultural market conditions and consumer purchasing power for a key citrus commodity in a major U.S. region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban consumers in the West Census Region.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, market analysts, and businesses monitoring agricultural market dynamics and consumer price inflation.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Oranges, Valencia (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400711312), retrieved from FRED.