Average Price: Beans, Dried, Any Type, All Sizes (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300714233 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.56
Year-over-Year Change
-1.33%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the average price of dried beans of any type and size in the South Census Region's urban areas. It provides insights into a key consumer staple and food cost pressures.
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, Dried, Any Type, All Sizes (Cost per Pound/453.6 Grams) in the South Census Region - Urban tracks the typical retail price paid by consumers for dried beans in the southern U.S. urban markets. This metric is used to monitor food price inflation and household purchasing power.
Methodology
The data is collected through surveys of retail establishments in the South Census Region.
Historical Context
This price trend is relevant for analyzing household budgets, food cost inflation, and the agricultural commodities market.
Key Facts
- Dried beans are a dietary staple and protein source.
- The South has a large agricultural economy.
- Food costs are a major component of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for dried beans of any type and size in urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into food price inflation and household purchasing power, which are important for understanding consumer behavior and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the South Census Region.
Q: How is this trend used in economic policy?
A: This price trend is used by policymakers, economists, and market analysts to monitor household budgets, food cost inflation, and agricultural commodity markets.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags or sample size limitations in rural or remote areas of the South Census Region.
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Citation
U.S. Federal Reserve, Average Price: Beans, Dried, Any Type, All Sizes (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300714233), retrieved from FRED.