Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712407 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
-11.60%
Date Range
5/1/1980 - 9/1/1985
Summary
This economic trend measures the average price of corn on the cob per pound in the West Census Region's urban areas. It provides insight into food price dynamics 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: Corn on the Cob (Cost per Pound/453.6 Grams) in the West Census Region - Urban is a key indicator tracked by economists and policymakers to understand regional food price trends and their impact on household budgets.
Methodology
The data is collected through surveys of retail stores and other point-of-sale locations.
Historical Context
This price trend is relevant for analyzing consumer behavior, inflation, and the agricultural sector.
Key Facts
- Corn on the cob is a common household vegetable.
- Prices can fluctuate based on crop yields and transportation costs.
- The West Census Region includes 13 states, from Montana to California.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of corn on the cob in urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides valuable insights into regional food price dynamics and consumer purchasing power, which are important for economic policymaking and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores and other point-of-sale locations in the West Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this price trend to monitor inflation, consumer behavior, and the health of the agricultural sector in the western United States.
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, not the entire United States.
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Citation
U.S. Federal Reserve, Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712407), retrieved from FRED.