https://fred.stlouisfed.org/series/WPU01110205

Avocado prices appear to be remarkably volatile. I had no idea.

I guess you can’t really preserve an avocado much, so you can’t do much to spread out time of consumption from times where there’s a lot of supply relative to demand to times when there’s only a little.

kagis

https://www.wgbh.org/news/international-news/2024-12-23/why-trumps-tariffs-on-mexico-would-mean-higher-avocado-prices-at-the-grocery-store

Of all the products that would be affected by President-elect Donald Trump’s proposed tariffs on Mexico, avocados stand out: 90% of avocados consumed in the U.S. are imported. And almost all of those imports come from Mexico.

Trump has said he plans to impose a blanket tariff of 25% on imports from Mexico and Canada, along with an additional 10% tax on goods from China.

Regardless of these potential price increases, however, people in the U.S. love their avocados and they’re willing to pay more. Avocado consumption tripled in the U.S. between 2000 and 2021.

“Given that avocado is a staple of our consumption here, I would say that the elasticity is not very high, meaning that even with a big increase in price, consumption is not going to change that much,” says Luis Ribera, a professor and extension economist in the agricultural economics department at Texas A&M University.