Average Price: Beans, Green, Snap (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100712410 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
16.65%
Date Range
1/1/1980 - 1/1/1989
Summary
This economic trend measures the average price of green, snap beans per pound in the Northeast Census Region's urban areas. It provides insights into the cost of a common vegetable that is an important part of many consumers' diets.
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: Beans, Green, Snap (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban is a key indicator of food price dynamics in a major U.S. region. It tracks the changing retail cost of this nutritious produce, which is widely used in home cooking and the food service industry.
Methodology
The data is collected through surveys of retail establishments in the Northeast Census Region's urban areas.
Historical Context
This price trend is closely monitored by economists, policymakers, and market analysts to assess regional food inflation and consumer purchasing power.
Key Facts
- Green beans are a common, nutritious vegetable.
- The Northeast is a major U.S. population center.
- Food prices are a key component of consumer inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of green, snap beans per pound in the urban areas of the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides important insights into regional food inflation dynamics and consumer purchasing power for a commonly consumed vegetable.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess regional food inflation and its impact on consumer budgets.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into this regional food price indicator.
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Citation
U.S. Federal Reserve, Average Price: Beans, Green, Snap (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100712410), retrieved from FRED.