Average Price: Grapefruit (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200711411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
-5.93%
Date Range
1/1/1980 - 3/1/2020
Summary
This economic trend measures the average price of grapefruit per pound in the Midwest Census Region's urban areas. 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: Grapefruit (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban is a key economic indicator that tracks the typical retail price of grapefruit in urban Midwest markets. It is used by economists and policymakers to analyze food price trends and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments in the Midwest region.
Historical Context
This price trend informs analysis of consumer inflation, agricultural commodity markets, and regional economic conditions.
Key Facts
- Grapefruits are a common citrus fruit in the Midwest.
- Prices can fluctuate due to supply, transportation, and demand.
- Tracking this metric helps assess regional cost-of-living trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of grapefruit per pound in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price metric provides insight into consumer food costs and regional inflation dynamics, which are important for economic policy and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess regional consumer price inflation and purchasing power, informing decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, but may not capture all retail outlets or reflect price variations within the Midwest region.
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Citation
U.S. Federal Reserve, Average Price: Grapefruit (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200711411), retrieved from FRED.