Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712403 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-0.67%
Date Range
1/1/1980 - 12/1/1997
Summary
This economic trend measures the average price of short trimmed and topped carrots per pound in the West Census Region of the United States. It provides valuable insights into regional food price dynamics and consumer 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: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the West Census Region - Urban is a key data series that tracks the market price of this common produce item. It is used by economists, policymakers, and industry analysts to monitor food inflation and consumer purchasing behavior.
Methodology
The data is collected through surveys of urban consumers in the West Census Region.
Historical Context
This trend is relevant for understanding regional food market conditions and informing policy decisions related to agriculture, trade, and consumer welfare.
Key Facts
- Carrots are a common, nutrient-dense vegetable.
- The West Census Region includes 13 states in the western United States.
- Prices can fluctuate based on factors like crop yields, transportation costs, and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of short trimmed and topped carrots per pound in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional food price dynamics and consumer trends, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban consumers in the West Census Region.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding regional food market conditions and informing policy decisions related to agriculture, trade, and consumer welfare.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of consumer price surveys.
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Citation
U.S. Federal Reserve, Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712403), retrieved from FRED.