Average Price: Apples, Red Delicious (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100711111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.39
Year-over-Year Change
-12.56%
Date Range
1/1/1980 - 10/1/2009
Summary
This economic trend measures the average price of red delicious apples per pound in the Northeast Census Region's urban areas. It provides valuable insights into consumer food prices and regional price 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 of red delicious apples in the Northeast Census Region's urban areas is an important indicator for economists and policymakers. It reflects consumer spending patterns and can help analyze the impact of factors like supply, demand, and inflation on food costs.
Methodology
The data is collected through surveys of retail outlets in the Northeast Census Region's urban areas.
Historical Context
This trend is used to inform economic policy decisions and market analysis related to the food and agriculture sectors.
Key Facts
- Red delicious apples are a widely consumed apple variety.
- The Northeast Census Region includes 9 states, including New York and Pennsylvania.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of red delicious apples in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer food prices and regional price dynamics, which are important for economic policy and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used to inform decisions and analysis related to the food and agriculture sectors, such as understanding the impact of factors like supply, demand, and inflation on consumer prices.
Q: Are there update delays or limitations?
A: The data may have some delay in updates and may not capture all price variations within the region.
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Citation
U.S. Federal Reserve, Average Price: Apples, Red Delicious (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100711111), retrieved from FRED.