Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000712407 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
4.68%
Date Range
4/1/1980 - 6/1/1988
Summary
This trend measures the average retail price of corn on the cob per pound in the U.S. It provides insight into consumer food prices and inflation.
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 metric tracks the cost per pound of fresh corn in the U.S. urban average market. It is a key indicator of price changes for this common agricultural commodity.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Corn prices are closely monitored by policymakers, market analysts, and consumers as a barometer of food inflation.
Key Facts
- Corn is a staple food and major agricultural commodity.
- Prices are tracked in urban areas across the U.S.
- Prices can fluctuate due to weather, supply, and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh corn on the cob per pound in U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: Corn prices are a key indicator of food inflation and can provide insights into broader agricultural and consumer price trends.
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: Corn prices are closely monitored by policymakers, market analysts, and consumers as a barometer of food inflation and agricultural sector health.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: Corn on the Cob (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000712407), retrieved from FRED.