Average Price: Peppers, Sweet (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712406 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
2.53%
Date Range
1/1/1980 - 2/1/1988
Summary
This economic trend measures the average price per pound of sweet peppers in the West Census Region of the United States. It provides insight into the cost of a key agricultural commodity and can inform policy decisions and market analysis.
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: Peppers, Sweet (Cost per Pound/453.6 Grams) in the West Census Region - Urban series tracks the monthly average retail price of sweet peppers sold in urban areas within the West Census Region. This data is valuable for understanding consumer price trends and supply-and-demand dynamics for this important vegetable crop.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used by policymakers, researchers, and market analysts to monitor food price inflation and agricultural market conditions.
Key Facts
- Sweet peppers are a key ingredient in many foods.
- Prices can fluctuate due to weather, supply, and demand.
- The West region accounts for a significant share of U.S. pepper production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of sweet peppers sold in 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 valuable insights into the cost of a key agricultural commodity, which can inform policy decisions and market analysis.
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 economic indicator is used by policymakers, researchers, and market analysts to monitor food price inflation and agricultural market conditions.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical update delay of several weeks.
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Citation
U.S. Federal Reserve, Average Price: Peppers, Sweet (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400712406), retrieved from FRED.