Import Price Index by Origin (NAICS): Fruit and Tree Nut Farming for Latin America
COLATZ1113 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.30
Year-over-Year Change
35.06%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Fruit and Tree Nut Farming for Latin America measures the change in prices of imported fruit and tree nut products from Latin American countries. This data point is valuable for analyzing trends in international trade and assessing the competitiveness of Latin American agricultural exports.
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
This index tracks price changes for a basket of fruit and tree nut products imported from Latin America, a major source of these commodities for the United States. It provides insight into cost pressures and inflationary trends in the produce import market, which is of interest to policymakers, agricultural economists, and industry analysts.
Methodology
The data is collected through surveys of importers and calculated using the Laspeyres formula.
Historical Context
This index is used to monitor trade dynamics and inform policy decisions related to agricultural imports and tariffs.
Key Facts
- Latin America is a major exporter of fruit and tree nuts to the United States.
- The Import Price Index tracks changes in the cost of these imported agricultural products.
- Monitoring this index helps policymakers understand trade dynamics and cost pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices of fruit and tree nut products imported from Latin American countries to the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding international trade dynamics, agricultural cost pressures, and the competitiveness of Latin American exports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated using the Laspeyres formula.
Q: How is this trend used in economic policy?
A: This index is used to monitor trade flows and inform policy decisions related to agricultural imports and tariffs.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely information on this economic trend.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Fruit and Tree Nut Farming for Latin America (COLATZ1113), retrieved from FRED.