Average Price: Grapes, Thompson Seedless (Cost per Pound/453.6 Grams) in the West Census Region - Urban
This dataset tracks average price: grapes, thompson seedless (cost per pound/453.6 grams) in the west census region - urban over time.
Latest Value
1.89
Year-over-Year Change
-8.98%
Date Range
7/1/1980 - 10/1/2019
Summary
This economic trend measures the average retail price of Thompson Seedless grapes per pound in the West Census Region of the United States. It is an important indicator of food price inflation and consumer purchasing power.
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: Grapes, Thompson Seedless (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend represents the average market price of this popular grape variety in major urban markets across the western U.S. It is widely used by economists, retailers, and policymakers to analyze food price trends and consumer behavior.
Methodology
The data is collected through survey responses from food retailers in the West Census Region.
Historical Context
This price trend is relevant for understanding consumer demand, regional food markets, and inflationary pressures.
Key Facts
- Thompson Seedless are a popular green grape variety.
- The West Census Region includes 13 U.S. states.
- Grape prices can fluctuate seasonally and by region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of Thompson Seedless grapes in major urban markets across 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 regional food price dynamics and consumer purchasing power, which are vital for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through survey responses from food retailers in the West Census Region.
Q: How is this trend used in economic policy?
A: This grape price trend is used by economists, policymakers, and market analysts to understand consumer behavior, inflationary pressures, and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to some reporting lags, and may not fully capture all price variations within the West Census Region.
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Citation
U.S. Federal Reserve, Average Price: Grapes, Thompson Seedless (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400711417), retrieved from FRED.