Average Price: Cherries (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400711418 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.42
Year-over-Year Change
30.39%
Date Range
6/1/1980 - 7/1/1988
Summary
This economic trend measures the average price of cherries per pound in the West Census Region's urban areas. It provides important insights into fruit price dynamics and consumer spending patterns.
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: Cherries (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the typical retail price for fresh cherries in major metropolitan areas of the western United States. This data is used by economists and policymakers to analyze food price inflation and consumer behavior.
Methodology
The data is collected through surveys of retail establishments and calculated as a regional average price per pound.
Historical Context
This trend is relevant for understanding household budgets, food inflation, and agricultural market conditions.
Key Facts
- Cherries are a high-value specialty crop.
- Prices can vary significantly by region and season.
- West Coast consumers tend to have higher fruit consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fresh cherries sold per pound in urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into regional food price dynamics and consumer spending patterns, which are key factors for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a regional average price per pound.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor food price inflation, understand household budgets, and analyze agricultural market conditions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting or limited coverage of certain retail outlets.
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Citation
U.S. Federal Reserve, Average Price: Cherries (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400711418), retrieved from FRED.