Average Price: Tomatoes, Field Grown (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.62
Year-over-Year Change
-23.78%
Date Range
1/1/1980 - 3/1/2025
Summary
This economic trend measures the average price of field-grown tomatoes per pound in the West Census Region's urban areas. It provides insights into the supply and demand dynamics of a key agricultural commodity.
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: Tomatoes, Field Grown (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the market price of fresh tomatoes sold in urban areas of the western United States. This data series is widely used by economists and policymakers to analyze agricultural commodity markets and consumer spending patterns.
Methodology
The data is collected through surveys of retail outlets in the West Census Region.
Historical Context
This trend is relevant for understanding inflationary pressures and the relative affordability of produce for urban consumers.
Key Facts
- Tomatoes are a major agricultural product in the western U.S.
- Prices can fluctuate based on weather, pests, and transportation costs.
- Urban consumers are a key market for field-grown tomatoes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of field-grown tomatoes sold per pound 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 the supply and demand dynamics of a key agricultural commodity, which is relevant for understanding consumer spending, inflationary pressures, and regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets in the West Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze agricultural commodity markets and consumer spending patterns, which can inform policy decisions related to food prices, trade, and regional economic development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays or limitations due to sampling, reporting, or other factors.
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Citation
U.S. Federal Reserve, Average Price: Tomatoes, Field Grown (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712311), retrieved from FRED.