Average Price: Grapefruit (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400711411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.44
Year-over-Year Change
6.65%
Date Range
1/1/1980 - 2/1/2020
Summary
This economic trend measures the average price of grapefruit per pound in the West Census Region of the United States. It provides insight into consumer prices and regional inflation trends.
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 West Census Region - Urban tracks the retail price of grapefruit in major urban areas within the western United States. This data series is used by economists and policymakers to analyze consumer spending, food price inflation, and regional economic conditions.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for assessing the state of consumer markets and the broader economy.
Key Facts
- Grapefruit prices are tracked as part of the Consumer Price Index (CPI).
- The West Census Region includes 13 states from the Pacific Coast to the Rocky Mountains.
- Grapefruit is a key commodity in the fresh fruit and vegetable market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of grapefruit per pound in major urban areas within the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending, regional food price inflation, and broader economic conditions in the western United States.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by economists, policymakers, and market analysts to assess the state of consumer markets and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Average Price: Grapefruit (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400711411), retrieved from FRED.