Average Price: Peaches (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100711414 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.59
Year-over-Year Change
33.16%
Date Range
6/1/1980 - 9/1/2019
Summary
This economic trend measures the average price of peaches per pound in the Northeast Census Region's urban areas. It provides insight into consumer price dynamics and regional market conditions for this agricultural commodity.
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: Peaches (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the typical retail price paid by consumers for fresh peaches in major Northeastern cities. This metric is used by economists and policymakers to analyze food price inflation, consumer purchasing power, and regional agricultural production.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a component of the Consumer Price Index (CPI), a key indicator monitored by the Federal Reserve and other economic authorities.
Key Facts
- Peaches are a popular summer fruit with high seasonal demand.
- The Northeast Census Region includes 9 states from Maine to Pennsylvania.
- Prices can vary significantly based on regional supply and transportation costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for fresh peaches per pound in the major urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price index provides insight into regional food inflation, consumer spending, and agricultural market conditions for an important fruit commodity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast Census Region by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price index is a component of the Consumer Price Index (CPI), a key indicator monitored by the Federal Reserve and other policymakers for inflation targeting and macroeconomic analysis.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks, and may be subject to periodic revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Average Price: Peaches (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100711414), retrieved from FRED.