Average Price: Peaches (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400711414 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.26
Year-over-Year Change
9.57%
Date Range
6/1/1980 - 8/1/2020
Summary
This economic trend measures the average price per pound of peaches in the West Census Region of the United States. It provides insight into the cost of a popular fresh fruit and can inform analyses of consumer spending and agricultural markets.
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: Peaches (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the retail price of peaches sold in urban areas of the western U.S. It is a key indicator for understanding price fluctuations and consumer behavior related to a commonly purchased produce item.
Methodology
The data is collected through surveys of retailers and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess market conditions and consumer trends.
Key Facts
- Peaches are a popular summer fruit.
- The West Census Region includes 13 U.S. states.
- Prices can fluctuate due to weather, supply, and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of peaches sold in urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and the health of the agricultural market for a widely consumed fresh fruit.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess market conditions, consumer behavior, and the overall state of the agricultural sector.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the trend only covers urban areas in the West Census Region.
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Citation
U.S. Federal Reserve, Average Price: Peaches (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400711414), retrieved from FRED.