Average Price: Potatoes, White (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
-0.89%
Date Range
3/1/1986 - 3/1/2025
Summary
This economic trend measures the average price of white potatoes per pound in the West Census Region's urban areas. It provides important insights into consumer prices and regional food cost 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: Potatoes, White (Cost per Pound/453.6 Grams) in the West Census Region - Urban series tracks the retail cost of a common household staple across a key geographic region. This data point is widely used by economists, policymakers, and market analysts to understand inflation, consumer behavior, and regional economic conditions.
Methodology
The data is collected through surveys of urban retail establishments in the West Census Region.
Historical Context
This economic indicator is closely monitored for its implications on consumer spending, cost-of-living, and regional competitiveness.
Key Facts
- Potatoes are a dietary staple in the United States.
- The West Census Region includes 13 states, from Montana to California.
- Urban consumers make up the majority of the region's population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of white potatoes sold per pound in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding regional consumer price dynamics, food cost inflation, and household purchasing power in the West.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban retail establishments in the West Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess cost-of-living, consumer spending, and regional economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into regional food price trends.
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Citation
U.S. Federal Reserve, Average Price: Potatoes, White (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712112), retrieved from FRED.