Average Price: Potatoes, White (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-17.82%
Date Range
1/1/1980 - 2/1/1986
Summary
This economic trend measures the average price of white potatoes per pound in the Midwest Census Region's urban areas. It provides insights into food costs and consumer purchasing power.
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: Potatoes, White (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of white potatoes in urban markets across the Midwest. This data is used by economists and policymakers to analyze food inflation, consumer behavior, and the cost of living in the region.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region.
Historical Context
This trend is relevant for understanding consumer spending patterns and the relative affordability of staple food items.
Key Facts
- White potatoes are a dietary staple in the Midwest.
- Potato prices can significantly impact household food budgets.
- Prices vary by region due to factors like transportation and local supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of white potatoes per pound in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: The price of white potatoes is an important indicator of food costs and consumer purchasing power in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze food inflation, consumer behavior, and the cost of living in the Midwest.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of retail prices in the Midwest Census Region.
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Citation
U.S. Federal Reserve, Average Price: Potatoes, White (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200712111), retrieved from FRED.