Average Price: Lettuce, Romaine (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400FL2101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.37
Year-over-Year Change
1.11%
Date Range
1/1/2006 - 10/1/2024
Summary
This economic trend measures the average retail price of romaine lettuce per pound in the West Census Region's urban areas. It provides insights into consumer prices and regional food market 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: Lettuce, Romaine (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the average cost of romaine lettuce at retail outlets in the western United States. This data series is used by economists and policymakers to analyze consumer spending, inflation, and regional market conditions.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is relevant for assessing consumer purchasing power, food supply chain resilience, and the broader economic health of western U.S. markets.
Key Facts
- Romaine lettuce accounts for over 50% of U.S. leafy green vegetable consumption.
- The West Census Region includes 13 states from the Pacific to the Rockies.
- Retail prices for romaine can fluctuate significantly due to weather, transportation, and supply chain factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of romaine lettuce in the 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 insights into consumer spending, regional food market dynamics, and broader economic conditions in the western United States.
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 economists use this data to assess consumer purchasing power, food supply chain resilience, and regional economic health in the western United States.
Q: Are there update delays or limitations?
A: The data is subject to typical survey and reporting lags, with a delay of approximately one month between the reference period and public release.
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Citation
U.S. Federal Reserve, Average Price: Lettuce, Romaine (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400FL2101), retrieved from FRED.