Average Price: Beans, Green, Snap (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712410 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
33.54%
Date Range
1/1/1980 - 5/1/1988
Summary
This economic trend measures the average price of green snap beans per pound in the West Census Region of the United States. It provides insight 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: Beans, Green, Snap (Cost per Pound/453.6 Grams) in the West Census Region - Urban is a data series that tracks the typical retail price for fresh green snap beans sold in urban areas of the Western U.S. This metric helps economists and policymakers monitor changes in food costs and consumer purchasing power.
Methodology
The data is collected through surveys of retail stores and markets in the West Census Region.
Historical Context
This price trend is used to inform analysis of regional cost-of-living, consumer inflation, and agricultural market conditions.
Key Facts
- Prices are reported in U.S. dollars per pound.
- Data covers urban areas in the 13 states of the West Census Region.
- This series has been tracked since 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh green snap beans sold per pound in urban areas of the Western United States.
Q: Why is this trend relevant for users or analysts?
A: This price metric provides insight into regional food cost dynamics and can be used to analyze consumer purchasing power, inflation, and agricultural market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores and markets in the West Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to monitor changes in the cost of living and consumer prices in the Western United States.
Q: Are there update delays or limitations?
A: This data series is updated monthly by the U.S. Federal Reserve and has been tracked consistently since 1978.
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Citation
U.S. Federal Reserve, Average Price: Beans, Green, Snap (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712410), retrieved from FRED.