Average Price: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400714231 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
-7.24%
Date Range
1/1/1980 - 1/1/1984
Summary
This economic trend measures the average price of canned, whole tomatoes per pound in the West Census Region's urban areas. It provides insight into consumer prices and can inform economic and policy decisions.
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: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the retail price of a standard unit of this common grocery item. It is used to monitor regional consumer price dynamics and broader inflation trends.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a key input for policymakers and analysts studying household consumption patterns and regional cost-of-living differences.
Key Facts
- Tomatoes are a dietary staple and widely consumed in the West.
- Canned tomatoes provide a shelf-stable option for many households.
- Regional price differences can impact family budgets and local economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of canned, whole tomatoes in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price index is useful for monitoring regional consumer prices, household budgets, and broader inflation trends.
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 price index informs policymakers and analysts studying regional cost-of-living differences and household consumption patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief lag, providing timely insights into this consumer price category.
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Citation
U.S. Federal Reserve, Average Price: Tomatoes, Canned, Whole (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400714231), retrieved from FRED.