Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712404 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-13.43%
Date Range
1/1/1980 - 7/1/1990
Summary
This trend measures the average price of dry yellow onions per pound in the West Census Region's urban areas. It provides insight into consumer prices and food costs in a key U.S. market.
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: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the monthly average retail price of dry yellow onions sold in urban areas of the West Census Region. This data is used by economists and policymakers to monitor consumer food price inflation and understand regional market dynamics.
Methodology
The data is collected through surveys of food retailers in the West Census Region.
Historical Context
This price trend is relevant for assessing food price inflation, consumer purchasing power, and regional market conditions.
Key Facts
- Onions are a staple vegetable in many American diets.
- The West Census Region includes 13 states from the Pacific to the Rockies.
- Food prices can vary significantly by region in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of dry yellow onions sold per pound in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides important data for monitoring regional food cost inflation and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the West Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess regional market conditions and the impact of food prices on consumers.
Q: Are there update delays or limitations?
A: The data is published monthly, with a short lag, and covers only urban areas in the West Census Region.
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Citation
U.S. Federal Reserve, Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712404), retrieved from FRED.