Average Price: Lettuce, Iceberg (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
75.00%
Date Range
1/1/1980 - 2/1/2020
Summary
This economic trend measures the average price of lettuce, iceberg in the West Census Region of the United States. It is an important indicator for tracking food prices and consumer inflation.
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: Lettuce, Iceberg (Cost per Pound/453.6 Grams) in the West Census Region - Urban represents the typical price paid by urban consumers for fresh iceberg lettuce in the Western states. This data is widely used by economists and policymakers to monitor food price trends and their impact on household budgets.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
This price trend is a key input for the Consumer Price Index, which influences Federal Reserve monetary policy decisions.
Key Facts
- Iceberg lettuce is one of the most commonly consumed leafy greens in the United States.
- Prices for iceberg lettuce can be influenced by weather, transportation costs, and other supply chain factors.
- The West Census Region includes 13 U.S. states, from Washington to California.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by urban consumers for fresh iceberg lettuce in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend is an important indicator for tracking food inflation and household purchasing power in the Western states.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the West Census Region.
Q: How is this trend used in economic policy?
A: This price trend is a key input for the Consumer Price Index, which influences Federal Reserve monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be lags 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: Lettuce, Iceberg (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712211), retrieved from FRED.