Average Price: Orange Juice, Frozen Concentrate, 12 Ounce Can (Cost per 16 Ounces/473.2 Milliliters) in the West Census Region - Urban
APU0400713111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.93
Year-over-Year Change
11.81%
Date Range
1/1/1980 - 4/1/2004
Summary
This trend measures the average retail price of frozen concentrated orange juice in the West Census Region of the United States. It is an important indicator of consumer price trends and purchasing power in the fruit juice 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 series tracks the average price per 16 ounces (473.2 milliliters) of 12-ounce cans of frozen concentrated orange juice sold in urban areas of the West Census Region. This data provides insights into the costs faced by households and is used by economists to analyze consumer behavior and inflation.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this price trend to assess the state of the orange juice industry and its impact on consumer spending.
Key Facts
- The West Census Region includes 13 states, from Montana to California.
- Frozen concentrated orange juice is a widely consumed fruit juice product.
- Prices can fluctuate due to factors like weather, supply, and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of 12-ounce cans of frozen concentrated orange juice in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into consumer costs and purchasing power for a widely consumed fruit juice product, which is useful for analyzing household spending and inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this price trend to assess the state of the orange juice industry and its impact on consumer spending.
Q: Are there update delays or limitations?
A: The data is published monthly with potential delays, and it may not capture all retail outlets or account for sales and promotions.
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Citation
U.S. Federal Reserve, Average Price: Orange Juice, Frozen Concentrate, 12 Ounce Can (Cost per 16 Ounces/473.2 Milliliters) in the West Census Region - Urban (APU0400713111), retrieved from FRED.